he directors of Cashmore Ltd provide the following budgeted information.

	Revenue	Purchases	Administration Costs
2016	$	$	$
January	24 000	14 000	6 300
February	26 000	17 000	6 200
March	30 000	18 000	6 200
April	26 000	15 000	6 800
May	28 000	19 000	7 100
June	32 000	13 000	6 700

Other information is as follows:

1. 10% of all revenue are cash sales

2. 50% of credit customers pay in the month following the sale. Remaining trade receivables

   pay in the second month following the sale

3. All purchases are on credit and are paid for in the month following purchase.

4. The business rent is $9000 a year. This is paid in two instalments on 1 April and 1 October

   each year.

5. A dividend of $3100 is expected to be paid on 20 March 2016

6. Administration costs are paid in the month in which they are incurred.

7. The company expects to take out a bank loan of $10 000 with an interest rate of 6.5% per

   annum on 1 May 2016. This is to help finance the purchase of a new vehicle in May which is expected to cost $12 000. The loan is to be repaid in full together with the interest after one year.

8. The sales proceeds from disposal of the old vehicle in June 2016 are anticipated to be $1100.

9. It is expected that there will be a bank balance of $1200 on 1 March 2016

Required

Prepare a Cash Budget for each of the four months March to June 2016