7. The following data relate to Bookshop Ltd.|| Months Sales(Rs) December 1,20,000 January 1,40,000 February 1,60,000 March 2,00,000 Purchase(Rs) Wages & Salaries(Rs) Office Exp.(Rs) 80,000 4,000 3,000 1,00,000 5,000 4,000 1,20,000 6,000 5,000 1.40,000 7,000 6,000 40% sales are on cash basis. Credit sales are collected in two equal installments. Ist in the gap of one month after cash sales and next is after two month of cash sales. 50% purchase is on cash basis and remaining will be paid after one month. Leg in payment of Wages & Salaries is months basis. Office expenses are paid on monthly basis. Advance tax is paid in the month of January and March of Rs.8000 and Rs. 5000 respectively. 10% commission is allowed on cash sales. The Opening balance of cash is Rs. 35,000 as on 1st Feb. Now prepare the cash budget for the month of Feb