James and Jane operate a business in Githurai market. The information below was extracted from their financial records for the year 2020; Month Sales Purchases Wages Expenses January (Actual) 80,000 45,000 20,000 5,000 February (Actual) 80,000 40,000 18,000 6,000 March (Actual) 75,000 42,000 22,000 6,000 April (Budgeted) 90,000 50,000 24,000 7,000 May (Budgeted) 85,000 45,000 20,000 6,000 June (Budgeted) 80,000 35,000 18,000 5,000 Additional information (a) All the purchases and sales are for cash. (6) The workers are paid half the wages in the current month and the other half is paid in the following month. (c) Rent of sh. 500 is paid monthly. (d) Cash in April, was sh. 15,000 and this balance is maintained every month with the excess cash being put in fixed deposit account. Required Prepare a cash budget of a company for April, May and June 2020 using the information above. (10 mks)