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Dudu Berhad's projected sales for the first six months of 2021 are given below: 2021 January RM250,000 February RM340,000 March RM280,000 April RM300,000 May RM350,000

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Dudu Berhad's projected sales for the first six months of 2021 are given below: 2021 January RM250,000 February RM340,000 March RM280,000 April RM300,000 May RM350,000 June RM380,000 20% of sales are collected in cash at time of sale, 50% are collected in the month following the sale, and the remaining 30% are collected in the second month following the sale. Cost of goods sold is 55% of sales. Purchases are made in the month prior to the sales, and payments for purchases are made in the month of the sale. Total other cash expenses are RM70,000/month. The company's cash balance as of February 28th 2021 will be RM10,000. Excess cash will be used to retire short-term borrowing (if any). Dudu has no short-term borrowing as of February 28, 2021. Ignore any interest on short-term borrowing. The company must have a minimum cash balance of RM10,000 at the beginning of each month. What is Dudu Berhad's total disbursement in May? Required: a) Prepare the cash budget for March, April and May 2021. (10 Marks)

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