Data regarding Bengal Corporation are as follows:

(a). Budgeted Sales for the year 2020 are: January : 20,000 units February: 35,000 units March: 35,000 units April: 45,000 units May: 60,000 units June: 75,000 units July: 75,000 units August: 80,000 units September: 65,000 units October: 50,000 units November: 25,000 units December: 15,000 units (b). Selling Price per unit is usually 175 Taka. However due to increase in demand, the price was increased to 190 Taka in the second and third quarter of the year. (c). 30% of the sales each month are in cash and the rest are on account. (d). On account collection patterns are as follows: 45% is collected in the following month of sales and the remaining 55% is collected the second month following the month of sales. Previous Accounts receivables of 8,877,750 Taka will be collected in the month of July. (e). The company wants ending inventory to be equal to 25% of the following months estimated sales in units. (f). The company purchases 60% of its inventory in the month prior to the month of sale, keeping it in the ending inventory, and 40% in the month of sale. Payment for inventory in made in the month following the purchase. (g). The company required 3 kilograms of raw materials to manufacture one unit of final product, at a cost of 3 Taka per kilogram. (h). In order to make one unit of product, the company requires 0.15 hours of direct labors, at a cost of 12 Taka per hour. (i). The company has an incentive policy for the labors that any extra hour the labors work beyond 8000 hours each month, they will get paid at a rate of 15 Taka for every additional hour worked. (j). Manufacturing Overhead is applied to units of products on the basis of direct labor hours. The company uses variable manufacturing overhead rate of 1.50 Taka for each unit produced. Fixed manufacturing overhead is of 110,000 Taka which includes 35,000 Taka of factory related Depreciation Expense. (k). Variable selling and administrative expenses are 4.20 Taka per unit. Fixed selling and administrative expenses are of 1000000 Taka which includes 33,000 Taka of Depreciation Expense. (l). The company paid a cash dividend of 2500000 Taka in July, 2800000 Taka in the month of August and 5000000 Taka in the month of September. (m). The company spent the following amounts on purchasing non-current assets in the year 2020: February 100000 Taka June 800000 Taka July 4000000 Taka September 2100000 Taka December 500000 Taka.

Cash Balance on July 1 2020 is 230,000 Taka . Due to the corona virus crisis, the company requires a minimum of 4000000 Taka at the beginning of each month, from August onwards. (m). Due to the corona virus crisis, in the month of September, the company spent as additional 10000000 Taka in cash, in order to support its labor financially. Requirement: (i). Prepare a complete Master Budget for Bengal Corporation, for the third quarter of the year 2020, concluding with the Cash Budget (Do not have to prepare the Budgeted Income Statement and Budgeted Balance Sheet). You must show the working of Expected Cash Collection form sales , as well as Expected Cash Payments for purchasing Direct Materials.