Ivory Garments. a rapidly expanding garments producer based in Jordan. iS in the process Of for 2022. The Director o' Marketing hag COm*ted his 2022 forecast and iS that sales estimates will be met or The following forecasted gales figures Show the growth and ww provide tho Other departments Jan March May June M. 600 , 005 5 moom 4,600.0m 5.400.0m Au g ust September NOVO r 57 , coo , 7,000, coo 7,400, coo 7,000, coo 7,800mo The Financial Of has the responsibity formulabng the Cash now a Critical element during a *rod Of expansion. The following informaton Will be used in preparing the Cash anaysis: Most Of the Of have a record in making the when due The CdleCtS 20% o' its bilingg the Of the gale. 50% in the after the gale and in month aner the urtOIkCtible accounts are *'Significant and not Considered in the analys_ purchase Of fabric Ivory Garments' largest eX*nditure; COSt Of these items 50% o' sales The company receives 60% 01 the one month prior to gale and 40% the month Of S_ Prior experience StWS that accounts are by [voW one after Of Administrative eX*nses are projected to be 34.2800M 2022 All Of these expenses are incurred uniformly throughout the year except taxes Which are in equal in the last month Of quarter _ The Of administrative expenses is rty p reciation 1 acn.ooo 91*80.000 next page L st 1 - 2021/22 Income tax are made by Ivory Garments in month Of each quarter on income the prior quarte Ivory's tax rate ig 30% net first quarter Of 2022 iS to Sl , 350.1M. a calendar Required : a) Assunng that the Closmg cash balance at the end Of first quarter is S4flCOO. prepare a budgeted Schedule Of Cash receipts and disbursements for Garments by the SCCMd quarter 2022 (ie., the Of April, May June). (27 rkg)