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Additional informution: 1. All sales will be made on eredit. Inif of the customers are expected to pay within the month of ate and these

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Additional informution: 1. All sales will be made on eredit. Inif of the customers are expected to pay within the month of ate and these will be given a cash discount of 2%. The remainder are exp-cted to pay in the following month and will receive no discount. No bad debts are expected. 2. All purchases will be paid for in full in the month following that of the purchase. 3. All employees are paid in full in the month in which the wage or alary is earned. 4. Rent of $10,000 each quarter is payable in March. June, September and December. 5. Other cash overheads of $2000 per month are payable. 6. Some new plant due for delivery in September will be paid for in November at a cost of $25,500 7. On 1 October the business plans to have $10,000 in the bank. Required: Prepare a cash budget for the months of October, November and December

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