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Darwin Ltd has forecast the following for the Oct-Dec quarter in 2020: Oct Nov Dec $'000 $'000 $'000 120 125 150 72 84 92 Sales

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Darwin Ltd has forecast the following for the Oct-Dec quarter in 2020: Oct Nov Dec $'000 $'000 $'000 120 125 150 72 84 92 Sales (all on credit) Purchases (all on credit) Wages expense Depreciation expense Other expenses 14 14 16 5 5 5 8 8 8 In Sept, Sales were $118,000 and Purchases were $71,000. All sales are collected in cash the month after sale. All purchases are paid for in cash the month after purchase. Wages and other expenses are paid in cash in the month incurred. The business plans to buy a new van in Dec for $20,000 cash. The cash balance is $7,000 on 1 Oct 2020. Required: Prepare a cash budget for Oct-Dec quarter

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