CASH BUDGET You are the Principal Accountant of Sam-Sam L.imitod Uhe the infonnation below rpare cash budgat for the months of January to March 2013. Sales Purchases Wages Variabkk Overbeads November 2012 20,000 20,000 Deoember 2012 30,000 25,000 201340,000 30,000 0000 20,000 0,000 20,000 20,000 3,000 10,000 5,000 Februry 2013 60,000 45,000 60,000 30,000 March 2013 6,000 I. The cash balance on I" Janunry 2013 is GHe 25,000 2. Fixed ovarbeads are GHe 2,000 per month payabke in the seme month. The GHe 2000 inchudes GHe 100 (nun-cesh) deprociation 3. Roccipt for sales follow this patiern a. 50%during phe month ofsale b, 25% driig de following month 25%during uhe next following month 4 c. It is the policy of the firm to pay trade croditors as follows: 20% during the month ofsale b. 40% dring the following month 40%during the next following mosh c. wages are paid 5% in the month earngd and 50%inthe following month 5, irzoWariable overhcads are incurrod and poik insk ne month