ACTIVITY From the following information obtained from the books of Maruti LLC, prepare cash budget for the quarter ending 30th June 2020. Month Sales (OMR) January 80,000 February 80,000 March 80,000 April 90,000 May 85,000 June 80,000 Special information Purchase (OMR) Wages (OMR) 45,000 20,000 40,000 18,000 42,000 22,000 50,000 24,000 45,000 20,000 35,000 18,000 Expenses (OMR) 5,000 6,000 6,000 7,000 6,000 5,000 1. Advance payment of income tax in May OMR 4,000. 2. Purchase of plant in April OMR 10,000 3. Rent OMR 300 payable each month 4. 10% of purchase and sales are in cash terms 5. Credit purchases are paid after one month and credit sales are collected after 2 months 6. Time lag in wages and expenses y month 7. Cash and bank balance on April 1st OMR 13,000