Nico Company Limited is a wholesale company that deals in general goods. The following information relates to the next budget period. 1. Expenses: (in GHc ) Expenses are payable in the month of incurrence. 2. A contingent liability of GH 5,000 is expected to mature in November 3. Estimated cash balance at the end of September will be GH\&2,500. Cash balances should not be less than GHc10,000. Cash can be borrowed in multiples of GH10,000 to finance any deficit at an interest rate of 15% per annum. 4. The sales manager's salary, which is GH\& 3,500 per month is expected to increase by GH 500 every month after June. 5. Motor vehicle will be purchased in November at GH\&240,000. Depreciation for motor van should be calculated at 10% in December. 6. Credit purchases have been made as follows: September GH\& 100,000 October GH\&120,000 November GH 100,000 December GH / 150,000 75% of purchases are paid for in the month of purchase and the remainder in the month after purchase. 7. Details of expected sales (in units) are given below: Sales are likely to be made at a unit price of GHc15. The pattern for the collection of debts from customers is expected to be as follows: a. 60% in the month of sales ( 3% cash discount allowed). b. 20% in the first month after the month of sale. c. 15% in the second month after the month of sale. d. 5% is usually regarded as bas debt 9. Excess fund are invested (in multiples of GH10,000 ) in short term securities, at an interest rate of 20% per annum. 10. Borrowing must be paid together with any accrued interest whenever funds are available. Required Prepare cash budget, for the three month from October to December showing cash balance at the end of December.