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Kindly help me with this question. HASF PVTLTD BUDGETEB INCOME STATEMENT FOR I QUARTER 1999 mm m m Istan WM Required: a. Please make a

Kindly help me with this question.

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HASF PVTLTD BUDGETEB INCOME STATEMENT FOR I" QUARTER 1999 mm m m \"Istan WM Required: a. Please make a cash budget for the months of January, February and March 1999 based on the data for: View Receivable Trend: ' 30% of Sales are collected in the month of sale 30% of Sales are collected after the month of sale ' 40% of Sales are collected two months after the sale is made View Payable Fiend" 10% of Purchases are paid for in the month of purchase ' 35% of Purchases are paid after the month of purchase ' 55% of Purchases are paid two months after the purchase is made Additional Information: ' Rent and Insurance expense were prepaid at the end of 1998 ' All other expenses are paid for in the month they were incurred November Sales = 195,000 ' November Purchases = 100,000 ' December Sales = 250.000 ' December Purchases = 165,000 Please see attached Budgeted Income Statement for let Quarter 1999 Being a CFO of the company, interpret the importance budget in strategic and operational planning of the company

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