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question 4 George-Soverton operates a fruit and vegetable outlet which trades as Minigarden Produce timited. George employs you as his budget analyst and asked you to prepare monthly cash budgets for the business for the quarter ending September 30,2021 . Credit sales to retallers in the area constitute 80.5 of the entity's business; cash sales to customars at the company's retall outlet make up the other. 20%. Collection records indicate that the business collects payment on 50% of all credit sales during the month of the sale, 30.9 in the month after the sale and 20% in the second month after the sale. The company's totalsales in May were $66,000; in June they were $67,500. Anticipated sales in July are $69,500, In August $76,250 and in September, $84,250. The company's purchases are expected to total $43,700 in July, 548,925 in August, and $55,725 in 5 eptember, The company pays for all purchases in cash. Projected monthily costs for the quarter include. $1,040 for electricity, $375 for bank fees, $1,925 for rent: $1,120 for supplies; $1,705 for depreciation of equipment; $1,285 for equipment repairs; and $475 for miscellaneous expenses. Other projected cost for the quarter are saluries and wages of $18,370 in july. $19,200 in August and $20,300 in September, The company's cash balance at lune 30,2021 was 52,745 , it has a policy of maintaining a minimam moothly cash balance of $1,500. Required: (i) Prepare a cash budget for Minigatden Produce timited for the quantes ending September 30, 2021. (25 marks) (ii) Describe management's role in budget implementation