Oxford Ltd was formed in April 2020 with K30,000 capital. K10,000 was used to purchase an equipment. The owner budgeted for the following: Sales Receipts from Purchases Payments Wages Other debtors to creditors expenses April 35,000 - 20,000 9,000 4,000 3,000 May 35,000 40,000 20,000 15,000 6,000 4,000 June 40,000 35,000 30,000 30,000 6,000 5,000 Wages and expenses are paid in cash. In addition to the above, depreciation is K4,800 per annum. No inventory is held by the firm. Required: a. Calculate the profit for each of the three months from April to June. b. Calculate the cash balance at the end of each month. c. Prepare a Balance Sheet at the end of June