8. SP Bhd, which buys and sells a single product, has prepared the following summarized budgeted statement profit or loss for the period January to April 2021. January February March April RM RM RM RM sales 160,000 170,000 180,000 190,000 cost of sales 96,000 102,000 108,000 114,000 gross profit 64,000 68,000 72,000 76,000 wages 17,600 19,800 22,000 24,200 depreciation 6,000 6,000 6,000 6,000 other overheads 22,000 22,500 23,000 24,000 net profit 18,400 19,700 21,000 21,800 The following additional information for the period is available: 10% of the sales are for cash; credit sales are paid in the month after-sale Product purchases are paid for in the month following the purchase . . Stock of product (at cost) is expected to be: End of January RM21,000 End of February RM24,000 End of March RM26,000 End of April RM27,000 . Wages are made up of a basic piece-rate plus a 10% bonus. The basic piece-rate wage is paid in the month incurred and the bonus is paid the following month . 60% of the other overheads are paid in the month they are incurred the remainder being paid the following month . Capital expenditure of RM35,000 and RM20,000 is forecast for January and AprilThe following balances are expected at the beginning of January year 2021: RM stock of products 19,000 trade receivables 140,000 trade payables 80,000 wages accrued 1,000 overhead accrued 8,000 bank (10,000) Required: Prepare the cash budget for each of the four months from January to April 2021