Given the following information taken from the budgets of mod completed during the budget process prepare a cash budget for WLtd for the 3 months April to June. March April May June 13 f. E Sales 5,300 5,500 5,600 5,700 Purchases 1,400 1,450 1,500 1,600 Overheads 1,950 1,800 1,960 2,050 Other information 0 55a; Ltd sells 25% of its goods for cash. The remainder of customers take one month's credit 0 Purchases are paid the month after they are incurred in Wages are paid one month in arrears and are calculated on a commission basis of 20% of the monthly sales revenue. 0 Overheads are paid the month after they are incurred and the numbers above include 500 per month of depreciation in 53g; Ltd intends to buy a new machine for a cost of 6,000 on 1st March. The machine will be classified as a non-current asset and depreciated over five years on a shim basis. Payment will be in the form of an initial deposit of 1,200 paid on 15t March followed bv 12 equal monthly instalments starting 15" April. 0 The cash balance forecast at the beginning of April is 400