b) ABCLad has a financial planning rotitine of preparing quarterly cash bidget. third quarter of loly to September Additionalinformation: 1. Onjuly 01, cash balances are taken sh. 150,000. 2. The policy of the company is to maintain a minimum cash bahnce of sh. 270,000 and a maximum of sh 350,000 . Any shortage is covered from shortem borrowing while excess cash is invested in short term marketable secunties. 3. Credit purchases are setiled after one month. Cash Purchases are 20% of the TotalPurchases: 4. Cash sales are 25% of the Total Sales. The Collection period is of 15 ditys in a monch. 8. The monthly experses include Rent of sh. 5000 . 6. Payment of Wages every 15 days? Required