March	April	May	June
Sales	38,450	41,200	43,830	46,520
Purchases	15,190	16,250	14,280	17,160
Wages	8,700	9,100	9,700	10,000
Overheads	17,300	19,500	19,900	21,600

Other information:

• Marty Ltd sells 25% of its goods for cash. The remainder of customers take one months credit

• Purchases are paid the month after they are incurred

• Wages are paid the month they are incurred

• Sales staff commissions which are not included in the table above are paid one month in arrears and are calculated on a basis of 5% of the monthly sales revenue, rounded up to the nearest .

• Overheads are paid the month after they are incurred and the numbers above include 5,000 per month of depreciation

• Marty Limited intends to buy a new machine for a cost of 28,000 on 1^stMarch. The machine will be classified as a non-current asset and depreciated over five years on a straight-line basis. Payment will be in the form of an initial deposit of 4,000 paid on 1^st March followed by 12 equal monthly instalments starting 1^st April.

• The cash balance forecast at the beginning of April is 6,950

Given the above information prepare a cash budget for Marty Ltd for the 3 months April to June.