di Mahkota Corporation reported sales of RM3,000.000 in Augustana RM4,500,000 in September. The forecast for October November and December sales ore RM1,000,000 RM1,500,000 and RM2.000.000 respectively. The initial cash balance on October 18 RM100,000, and a minimum of RM 200.000 should be kept Use the giver Information to compile a cash budget for the month of October November and December and interpret the results Markota predicts that 60% of its soles will be consoles, and the remaining of wil be collected in the first month following the sales Mahkota are expected to receive RM50,000 interest income from its m marketable securities in December The actual purchases are RM3.500.000 in August, and RM2,000,000 in September While, the expected purchases for October November and December are RM500,000 RM750,000 and RM1 000 000 respectively, 40% of the purchase care pold In cash and the remaining 80% e pald in the following month Wages and stories are 15% of the preceding month's scies Sales commissions for workers are 2% of the preceding month's solos Monthylece payments are RM100,000 VIL Long-term loan repayment of pricipal and interest at RM150,000 ore due in December Cash dividends of RMSO,000 ore pald at the end of December Additional assets costing of RM600.000 wil be purchased in December Depreciation expense each month of RM45.000 V