Illustration: A company is expecting to have OMR. 25,000 cash in hand on 1st April 2003 and it requires you to prepare an estimate of cash position in respect of three months from April to June 2003, from the information given below: Sales Purchase Wages Expenses OMR. OMR. OMR. OMR. February 70,000 40,000 8,000 6,000 March 80,000 50,000 8,000 7,000 April 92,000 52,000 9,000 7,000 May 1,00,000 60,000 10,000 8,000 June 1,20,000 55,000 12,000 9,000 Additional Information: (a) Period of credit allowed by suppliers - two months. (b) 25 % of sale is for cash and the period of credit allowed to customer for credit sale one month. (c) Delay in payment of wages and expenses one month. (d) Income Tax OMR. 25,000 is to be paid in June 2003