c) The following information relates to Fox-Gloss Ltd. for the 3 months to 31 March 2021: Fox-Glass Ltd Budgeted Profit and Las Acrunts Month January February (5000) (5000) Sales (all on credit) 2.500 4.130 Cost of sales (1.100) (1.7709 Gross profit 1,400 2380 Depreciation (200) (200) Other expenses (350) (400) Net profit 850 1.750 March (5000) 5.500 1.450 7350 (2001 (500) 6.650 Fox-Gloss Ltd. Budapted balanceshots Budgpted balances December January February (5000) (5000) (5000) Current assets Stocks 150 110 160 Dehors 250 300 Short-term investments 40 60 March (5000) 120 500 50 200 Current abilities Trade creditors Other creditors Taxation Dividends 110 40 160 40 150 40 200 300 Additional information: 1. The company spent $15,550 for a new machine to replace a worn-out machine which was bought at cost for $25,000. The old machine has a salvage value of $2,500. 2. Additional $33,030 was spent on new furniture for the office. This furniture was classified as part of the company's 'Furniture and Fittings'. 3. Cash at bank of the 1" of January 2021 is expected to be $27,560. The company budgeted an additional 10% for 31 March 2021's cash balance. Required: Prepare Fox-Gloss Ltd.'s cash budget for each of the 3 months during the quarter ending 31 March 2021. (15 marks)