given the data, please prepare and interpret a cash budget for the months of May, June and July

(3) Orange Company has sales of RM50,000 in March and RM50.000 in April Forecast sales for May, June, and July are RM70,000, RM30,000, and RM100,000 respectively. The firm has a cash balance of RM5,000 on 1 May and wishes to maintain a minimum cash balance of RM5,000 Given the following data, prepare and interpreta cash budget for the months of May, June, and July The firm makes 20% of sales for cash. 60% are collected in the next month, and the remaining 20% are collected in the second month following sale . The firm receives other income of RM2,000 per month The firm's actual or expected purchases, all made for cast are RM60,000, RM70.000, and RM30,000 for the months of May through July, respectively Rent is RM3,000 per month Wages and salaries are 10% of the previous month's sales Cash dividends of RM3.000 will be paid in June Payment of principal and interest of RM4.000 is due in June A cash purchase of equipment costing RM6.000 is scheduled in July Tes of RM6.000 are due in June 12 Total um 20 )