Iustration 3: The following inlormation is provided with respect to Rashmi Lid. Prepare a Pash hudoet for April. May, and June 2007. Additional information: a. 10% of the purchases and 20% of sales are in cash. b. The average collection period of the company is 1/2 month and the credit purchases are paid regularly after one month. c. Wages are paid half monthly and the rent of Rs. 500 included in expenses is paid monthly. Other expenses are paid after one month lag. d. Cash balance on April 1, 2007 may be assumed to be Rs. 15.000