b. Masculine Man Clothing has required you to prepare a cash budget for July 2020 on the basis of following projection: 1. Sales for June was RM300,000. The company expects sales of RM 400,000 for July. The company has observed that 25% of its sales is for cash and that the remaining 75% is collected in the following month. 2. The company's raw materials cost is 70% of sales. Usually 70% of purchases are paid cash on the same month of sales and the remaining 30% of purchases is paid in the following month. Salaries are RM135,000 per month, lease payments are RM35,000 per month, and depreciation charges are RM20,000 per month. 3. The company has ending balance from June amounting RM50,000 and company must maintain a minimum reserved of RM25,000. Required: Prepare a cash budget for Masculine Man Clothing and identify how much money must the company borrow in July? (10 marks)