5. Saurashtra Co. Ltd. wishes toarrange overdraft facilities with itsbankers fromtheperiod August to October 2010 when it will be manufacturing mostly for stock. Prepare a cash budget for the above period from the following data given below: Purchases Wages (S) Mfg. Exp Office Exp. Selling Exp. (5) Month haJune 1,80,000/4,24,800 2,000 1,92,000 | 1,44,00 | 14,000 1,08,000 2,43,00011,000 3,000 July 1,000 4,00 2,000 September 1,74,000 2,46,0012,000002 2,000 5,000 October 1,26,000 2,68000 15,000,2,500 4,000 November | 1.40.000 | 2,80,000 17,000 tpT5,500/ 3,000 | 4,500 3,000 5,000 2 4,00 3,0001 1,500 December 1,60,000 3,00,00018,0006 Additional Information: (a) Cash on hand 1-08-2010 $25,000. (b) 50%ofcredit sales are real lized in the month following the sale and the remaining 50% in the second monthfollowing.Creditorsarepaidinthemonthfollowingthemonthof purchase. (c) Lag in payment of manufacturing expenses halfmonth. (d) Lag in payment of other expenses one month