Argon Trading is planning its cash flow for the next three months and the following information is available The business will have an overdraft of RM14.500 on 1 November 2021. Sales and purchases will be as follows: September October 2021 November December January 2022 2021 (RM) 2021 2021 (RM) (RM) (RM) (RM) Sales 28,000 28,600 30,400 32,200 33,200 Purchases 13,200 14,300 14,960 15,720 16,460 35% of the sales income will be received in the month following the sale and 63% will be received two months after the sale. The balance will be written off as an irrecoverable debt. Purchases will be made on one month's credit. Wages and salaries will be RM4,480 per month, payable in the same month. Drawings of RM3,000 will be taken each month. Electricity will be RM450 per month and paid quarterly in January, April, July and October 2022. Other costs will be RM1,920 per month plus 520 of sales, payable in the same month as the sale was made,Drawings of RM3,000 will be taken each month. Electricity will be RM450 per month and paid quarterly in January, April, July and October 2022. Other costs will be RM1,920 per month plus 5% of sales, payable in the same month as the sale was made. Bank charges are 2% per month on any overdrawn balance at the end of a month. This is charged in the following month. Required: (a) Prepare the Cash Budget for each of the three months November 2021, December 2021 and January 2022. The budget should be in columnar format and all figures should be calculated to the nearest RM. (15 marks) (b) Explain two reasons why it is important for Argon Trading to manage its cash flow efficiently. (4 marks) c) Analyse Argon Trading's expected cash flow, as shown in the Cash Budget in (a), for the period November 2021 to January 2022. (6 marks)