Jokers' Co, budgets $800,000 for sales made. Customers have 3 months to pay the entire bill. Payments received are as follows: 1st month 50% 2nd month 25% 3rd month 15% Estimated uncollectable 10% 100% Jokers' pays $300,000 per month for direct materials, and $400,000 for direct labor. Please tell management: a) budgeted cash received each month from January to June. 10 marks b) budgeted cash paid per month from January till June. 5 marks c) whether cash or line of credit for each month is needed. Also state when to wait or pay for materials. 2 marks d) the budgeted income statement. 15 marks e) why there are differences between the income statement and cash budget (reconciliation). 5 marks