BUDGETING 1. Sales shall consists of cash and credit sales. Debtors are expected to pay 2 months after sales. 20% of the monthly sales are for cash and 80% are by credit. 2. Budgeted purchase for NAFR is 40% from total sales value JULY AUGUST SEPTEMBER RM185,000 RM200,000 RM360,000 OCTOBER RM320,000 NOVEMBER DECEMBER RM195,000 RM250,500 3. Analysis of the debtors shows that debtors settle their account according to the following pattern: 50% within the month of sale 30% in 2nd month of sale 20% in 3rd month of sale 4. Monthly expenses for NAFR Wages RM30,000 Rental - RM5,500 Utilities-RM5,000 Transportation-RM500 Insurances- RM800 5. are paid in the month in which they are incurred. It is the company policy to transfer RM5,000 per month in bank. The return on investment will be received in December. 6. In December, NAFR transfer RM50,000 to CIMB Bank for a fixed deposit. 7. The annual depreciation for the motor vehicles is RM25,000. 8. The cash amount as at 30 September 2022 is expected to be RM16,205 9. All calculation is to be round off to nearest whole number Prepare your cash budget for the period.