company and other additional information is given below: Month Sales Wages Production Adminis. tration j26 Material Purchased & Consumed Selling Distribu- Research tion & Develop- ment March 3,60,000 80,000 48.000 40,000 20,000 10,000 11.000 8,00,000 12,00,000 6,00,000 1.28,000 64,000 56,000 14.000 16,000 April May 29.000 25,000 9,60,000 5,20,000 1.20,000 62.000 48.000 10,000 12.000 3,36,000 56,000 30,000 20,000 11,000 6,000 6,000 6,40,000 8.00,000 3,84,000 80,000 44.000 32,000 16,000 8.000 10,000 8,80,000 4,00,000 96,000 49,000 40,000 21.000 10,000 12,000 June July Aug. Sept. Oct. Nov. 11,20,000 4,96,000 1.20,000 62.000 52.000 26.000 12,000 13,000 12.80,000 6,00,000 54.000 40.000 20.000 10,000 12,000 1,04,000 1.36,000 14,40,000 6,40,000 56,000 29,000 15,000 16,000 72.000 74.000 Dec. 16,00,000 8,00,000 1.52.000 58.000 30.000 16,000 17,000 1. New machinery which was installed in April at a cost of Rs. 120000 is to be paid on 19 August. Extension to the Research & Development Department amounting to Rs. 8,00,000 in total was contemplated from September, at the rate of Rs. 1,60,000 per month. 2. Rs. 2, 40,000 per month is to be paid under a hire purchase scheme agreement. 3. The Sales Commission of 4% on sales not included in Selling Overheads is to be paid within the month following actual sales. 4. The period of credit allowed by supplier is 4 months, and that allowed to customers is 3 months. The delay in the payment of overheads is 2 months and that in payment of wages is one-fourth of a month. 5. Preference Share Dividend of 8% on the capital of Rs. 1,60,00,000 is payable on 15 December. 6. 8% Calls on Equity shares at the rate of Rs. 9,60,000 is due on 19 July, 1 Sept, and 1 November. 7. Taxation of Rs. 8,00,000 is payable on 19 November. Dividend on investment amounting to Rs. 2.40,000 is expected on 1s" July and 14 December. Cash sales of Rs. 80,000 per month are expected on which no commission is payable. This cash sales is not included in the details for sales given above. 8. Cash balance on 19 July was expected to be Rs. 2,00,000