Jed Berhad is a manufacturer of Product A and provides the following information for their budgeting purpose. You as an accountant is needed to prepare the budgets for top management review and planning: The opening bank balance was at unfavorable situation of RM 164,000. The company have the plan to produce the following number of unit corresponding with month and year Aug 33,200 Sept 37.400 2019 Oct 41.600 Nov 44,000 Dec 48,000 Jan Feb 52,000 51.200 2020 Apr 42.800 Mar 46.800 May 36,000 Jun 34.400 Raw material costing is RM 20 per unit. The payment method for this supplies are as follows: (1) 80% paid in the month of production () 20% is paid month after production Direct labour cost is RM 30 per unit payable in the month of production. Variable production cost is amounting to RM 10 per unit payable as following: 50 % in the month of production ii) 50% in the following production Fixed overhead expenses payable total of RM 80,000 per month. Machinery costing of RM 70,000 purchased and payable on February 2020. Since there will be more finished goods to be stored, Jed Bhd forced to incur additional rental cost for additional warehouse amounting RM 20,000 per month and payable in the following month. Additional capital contribution is expected in April 2020 is RM 32,000. Company tax is payable on May 2020 amounting RM 35,000. Jed Berhad will declare dividend and the dividends are payable in 2 stages as follows: (1) RM 25,000 on December 2019 (i) RM 15,000 on March 2020 The projection of the sales are as follows: 2019 Aug Sept Oct Nov Dec 36,000 27.600 44,000 40,000 52.000 41.600 Jul Jan Feb 55.200 2020 Mar 54,000 48,000 Apr 55,200 The selling price will be set at RM 120 per unit and receivable in TWO (2) months after sales. Required: Based on the information provided as above, you are required to prepare a cash budget for Jed Berhad for SIX (6) months ending 31 May 2020. (30 marks)