Example Refreshing Juice Ltd is a small lamily-owned company The following data was taken trom its books during the ina ncial year ended 31 December 20o8: hases i$) 35 000 30 000 22 000 19 000 20 000 17 000 15 000 20 000 December 2007 January 2008 February March Other notes include Sales revenue is divided as follows: Cash sales 20 per cent and one month credit is given to the debtors. The company also receives one month's credit on all Wages are paid on a monthly basis, amounting to $2.500 Rent of s9.000 per annum is paid one month in advance on 1 January of each year Miscellaneous expenses per month is S1.500 A machine was sold on 12 February for $3,000 and a new one was purchased in March of the same year for $4,500 The manager draws $1,200 every month for his personal tra The bank balance at 1 January 2008 was S7.000. Prepare a three-month cash budget from January to March 2008