From the following forecast of income and expenditure prepare a cash budget for the three months ending on June 2020.

Month	Sales (Rs.)	Purchases(Rs)	Wages(Rs)	Misc.(Rs)
Feb	1,20,000	84,000	10,000	7,000
March	1,30,000	1,00,000	12,000	8,000
April	80,000	1,04,000	8,000	6,000
May	1,16,000	1,06,000	10,000	12,000
June	88,000	80,000	8,000	6,000

Additional information:

1. Sales: 25% realized in the month of sales, discount allowed 2% in cash on the sales realized in the month of sale; balance realized equally in two subsequent months.
2. Purchases: These are paid in the month following the month of supply.
3. Wages: 30% paid in the arrears following month. D
4. Misc.Expenses: Paid a month in arrears.
5. Rent: Rs1,000 per month paid quarterly in advance, due in April.
6. Income tax: First installment of advance tax Rs. 25,000 due on or before 15^th June to be paid within the month.
7. Income from investment; Rs. 5,000 received quarterly in April, July, etc.
8. Cashin hand Rs. 25,000 on April l.
9. Depreciation: Rs 5000 for the month of April.
10. Sale of old machinery at Rs. 50,000 in June.