Green Garden Supplies, which sells gardening equipment, had the following details for July and August:

Item	July (£)	August (£)
Cost of Goods Sold	280,000
Projected Increase (%)	5%
Inventory Balance (End)	24,000	26,000
Accounts Payable Balance	32,000
Cash Payments (Current Month)	75%
Cash Payments (Following Month)	25%

Requirements:

1. Determine the amount of purchases budgeted for August.
2. Calculate the total cash payments for inventory purchases in August and prepare a cash budget.
3. Prepare a schedule/form to calculate demand and supply for August if the demand is projected to increase by 10% and the supply is planned to be 5% less than the demand.