A Caption Heading Heading 2 Paragraph 5 Styles 1-1 H 1L2 13 14 15 16 17 18 19 110 111 12 13 14 15 Below are the projected sales of Ed Sheeran Holding for the first and second quarter of 2019: Month January February March April May June July Total Sales (RM) 2,500,000 2,600,000 2,650,000 3,630,000 3,850,000 3,780,000 3,900,000 i) ii) CAM iii) iv) v) vi) vii) viii) Ed Sheeran Holding makes 20% cash sale, 50% is collected in the month following sales, and 30% is collected in the second month following sales. Purchases are 60% of sales amount and are made one month before the sales occur. Payment is made equally in the two months after purchased. The company pays RM35, 000 each month for wages and RM20, 000 each month for rental and other administrative expenses. Selling expenses are RM40, 000 per month. Tax repayment of RM30, 000 are made at the beginning of each quarter. A machine costing RM70, 000 will be bought on May 2019, and the monthly depreciation is RM200. Interest on term loan of RM15, 000 is payable at the beginning of every quarter. Beginning balance is RM50, 000 and a minimum of RM20, 000 must be maintained at all time. Required: Prepare a second quarter cash budget of 2019 for Ed Sheeran Holding. (20 marks) essibility: Unavailable T DELL