c) Seri Putra Corporation reported sales of RM50,000 in June and RM60,000 in July. The forecasts for August, September, October, November and December sales are RM65,000, RM72,000, RM63,000, RM59,000, and RM56,000 respectively. The initial cash balance on September 1 is RM3,000, and a minimum of RM10,000 should be kept. Use the given information to compile a cash budget for the months of September, October, November and December and interpret the results. i. Seri Putra predicts that 10% of its sales will be cash sales, and the collection were 50% in the first month, 30% in the second month, and the remaining 10% will be collected in the third month following the sales. ii. Seri Putra are expected to receive RM500 of dividends from investments in every four months (three times a year). The first dividend payment was received in January The actual or expected purchases are 60% of sales, where 15% are paid in cash, 65% are paid one month later, and the rest is paid two months after purchase. iv. Cash dividends of RM8,000 are declared and will be paid twice a year (in March and September). Monthly rent is RM2,000. vi. Taxes of RM6,500 are due in December. vii. Additional equipment costing of RM2,300 is ordered and scheduled to be paid for in cash in October. viii. Long-term loan repayment of principal of RM1,000 are paid in every month. ix. Interest payment of RM1,500 is due in November. Wages and salaries are 5% of sales in each month (current month) plus RM1000. V. X