Analyze the Cash position of Dravid Enterprises by preparing a cash budget for the month of May, June $$and July $2022,$ on the basis of following information:$$Income and Expenditure Forecasts$$Month$$Sales $()$Purchases $()$Wages$()$Office $$Expenses $()$Selling $$Expenses $()$March $70,00046,0009,0003,0002,000$April $72,00048,0008,0004,5003,000$May $64,00043,00010,0003,5002,500$June $68,00045,0008,5004,0003,500$July $76,00049,0009,5003,0003,500$August $80,00044,0008,0003,5003,500$Additional Information:$$a$)$ Cash balance on May $1,2020$ was $10,000.$b$)$ Advance tax of $6,000$ each is payable in March and June.$$c$)50\%$ of sales are on cash.$$d$)80\%$ of purchases are on credit.$$e$)$ Period of credit allowed i$)$ by suppliers$---2$ months, and ii$)$ to customers$---1$ months$$f$)$ Wages to be paid in same month.$$g$)$ Lag in payment of office and selling expenses $---1$ month. $$h$)$ Lag in payment of selling expenses $---1/2$ month.