Exercise 3 The company GONESIE SA (Public Limited Company) has a seasonal activity. Below is the information of the sales program excluding VAT for the year N. from July to December: July; FCFA 3 000 000; August: FCFA 4 000 000; September: FCFA 9 000 000; October: FCFA 4 000 000; November FCFA 26 000 000; December: FCFA 5 000 000. The purchases for the period are respectively: July: FCFA 1 100 000: August: FCFA 3 000 000; September: FCFA 3 500 000; October: FCFA 4 000 000; November: FCFA 3 000 000: December FCFA 1 000 000. The amounts communicated are tax free. The personnel costs for the same period are as follows: Social insurance to be paid: July: FCFA 310 000; August: FCFA 315 000; Sept: FCFA 350 000; October: FCFA 325 000; Nov: FCFA 375 000 and Dec: FCFA 420 000 - Salary: July: FCFA 625 000; August: FCFA 640 000; Sept: FCFA 640 000; FCFA 645 000; Nov: FCFA 850 000; Dec: FCFA 815 000 - Deferred charges July: FCFA 315 000; August: FCFA 350 000: Sept: FCFA 325 000; Oct: FCFA 375 000; Nov: FCFA 420 000; Dec: FCFA 412 000. Selling and other expenses amount to: Selling expenses: July: FCFA 27 000; August FCFA 23 500; Sept FCFA 15 600; Oct: FCFA 17 500; Nov: FCFA 28 000; Dec FCFA 24 500. Other expenses: July: FCFA 85 000; August: FCFA 93 000; Sept: FCFA 76 000; Oct: FCFA 82 500; Nov; FCFA 122 500 and Dec: FCFA 95 000. Additional information: Sales are paid as follows: 70% cash, 20% in 30 days and the rest in 60 days. Supplier purchases, 50% cash, a quarter in 30 days and the rest in 60 days. In the balance sheet, the initial cash flow is-FCFA 250 000, supplier disbursements in July: FCFA 2000 000, in August: FCFA 1000 000 and in Sept, FCFA1 000 000 and recoveries shown in the balance sheet: July: FCFA 2 500 000and August FCFA 1000 000. 1- Draw up the budget for cash receipts; 2- Draw up the VAT budget; 3- Draw up the disbursement budget; 4- Draw up the cash budget