not be con Q2. Analyze the Cash position of Dravid Enterprises by preparing a cash budget for the month of May, June and July 2022, on the basis of following information: Income and Expenditure Forecasts Credit Credit Office Selling Sales Purchases Labour Expenses Expenses Month (3) () (3) (3) (3) March 60,000 36,000 9,000 3,000 4,000 April 62,000 38,000 8,000 4,500 5,000 May 64,000 33,000 10,000 3,500 4,500 June 58,000 35,000 8,500 4,000 3,500 July 56,000 39,000 9,500 3,000 4,500 60,000 August 34,000 8,000 3,500 4,500 Additional Information: a) Cash balance on May 1, 2020 was 10,000. b) Plant costing 18,000 is due for delivery in July, payable 10% on delivery and the balance after 3 months. c) Advance tax of 6,000 each is payable in March and June. d) Period of credit allowed i) by suppliers---2 months, and ii) to customers---1 months e) Lag in payment of Labour----1/2 month. f) Lag in payment of office and selling expenses ---1 month. [10 Marks] [CO3, L4]