BULUH NIAGA BHD Sara Liza, the owner of Buluh Niaga Bhd, is planning to request a line of credit from her bank. Sales and forecasted sales are as follows: Month Sales (RM) 320,000 550,000 July August September October November 640,000 350,000 350,000 December 250,000 Month Forecasted Sales (RM) January 280,000 February 305,000 1. The company collects 10% of its sales in the month of sales, 75% is collected in the following month and the remaining balance in the second month after sales. 2. A quarterly dividend of RM15,000 will be received at the end of each quarter. 3.Purchase of raw materials are 70% of sales and are made one month in advance. 4.Payments for raw materials are made as follows: 60% in the month of purchase and 40% one month after purchase. 5. General and administrative salaries amount to approximately RM25,000 a month; lease payments under long-term lease contracts is RM8,000 a month, depreciation. charges is RM35,000 a month, miscellaneous expenses in RM2,400 a month, income tax payment RM62,000 is due in December, and a progress payment of RM180,000 on designing a studio must be paid in October. ce of 6. Cash balance in October amount to RM134,000 and a minimum cashi RM85,000 is maintained throughout the cash budget period. Questions: a) Prepare a cash budget for October, November and December 2022. (40 marks) b) Comment on the company's cash budget for the fourth quarter of year 2022. (5 marks) c) Based on your answer in b), give recommendations to Buluh Niaga Bhd