a) AGENDA 111 Plc had cash of GHC13,000 on January 1, 2022. During 2022, the company expected the following cash collections from customers on quarterly basis: wirect material purchases in tons were budgeted as follows: The production budget showed the following unit of production by quarter with an average labor rate of GHC40 AGENDA 111 Ple had planned to pay dividends of GHC10,000 per each quarter during the year. In July, new equipment costing GHC60,000 will be purchased. An additional GHC16,000 has been planned as installation costs during the fourth quarter. The company is required to maintain a minimum cash balance of GHC15,000. A line of credit was available for short-term borrowings which the company plans to take advantage of to borrow GHC27,000 in first quarter and Interest on short term borrowings will be paid at 0.5% per quarter on the amount repaid in any quarter when a loan Required: Prepare Quarterly Cash budget and hence the overall Annual Cash budget for the year 2022. Comment on the cash position of the company at the end of 2022. a) AGENDA 111Plc had cash of GHC13,000 on January 1, 2022. During 2022, the company expected the following cash collections from customers on quarterly basis: Direet material purchases in tons were budgeted as follows: The production budget showed the following unit of production by quarter with an avarage labor rate of GHC 40 AGENDA 111 Ple had planned to pay dividends of GHC10,000 per each quarter during the year. In July, new during the fourth The company is required to maintain a minimum cash balance of GHC1, 000 . A line of credit was available for short-erm borrowings which the company plans to take advantage of to borrow GHC27,000 in first quarter and then GHC9000 in third quarter. Repayment plans are that the company will pay GHC12000 at the second quarter. Interest on shon term borrowings will be paid at 0.5% per quarter on the amount repaid in any quarter when a loan Required: Prepare Quarlerly Cash budget and hence the overall Annual Cash budget for the year 2022. Comment on the cash position of the company at the end of 2022