Plz, I want to solve the question in detail and be in a Word file

QUESTION 1 Al Ayat perfumes Company is in the business of buying and selling of different types of perfumes products in different region of Oman and provided the following data to understand the cash position every month start from January to July 2020. The sales book reported the sales amount for seven months as below: - January February March April May June July 36,000 39.000 39.000 38,800 26,600 29,800 41,400 The sales reported every month including cash sales and credit sales. Cash sales constitute 25% of total sales collected in the month of sales and the balance is credit sales received in the month following the month of actual sales. The detail of goods purchased in cash during seven months reported in purchase book as below: - January February March April May June July 1,000 3,500 3.600 4,200 4,800 7,400 3,800 Company also purchased goods on credit from different suppliers. The detail of credit purchase from the month January to July is given below: - January February March April May June July 11,000 14,000 14,200 16,400 13,800 10.800 14,600 Cash purchases payable in the month of purchases and credit purchases are payable to supplier in two months following the month of credit purchase. It is also found from the accounting records that the company purchased plant and equipment for RO 25,000 in the month of February and it is payable in three equal instalments starting from April. Tax department has sent a notice to the company to pay taxes of RO 5,000 each in the month of June and July The wages and office expenses are paid in the month following the month in which wages and office expenses incurred. The detail of wages and office expenses is given below: - May June July January February 4,000 3,250 March April 3,750 4,780 3,900 3,600 3,800 Wages Office Expenses 1,500 1,300 1,200 1,400 1,300 700 2.000 The selling expenses of the company recorded for the seven months are as follows: - January February March April May June July 560 870 750 740 550 650 630 The company also incurred administrative expenses for the period January to July. The detail of administrative expenses is given as below:- January February March April May June July 940 750 890 1,500 1,400 1,400 1,500 The company is paying the selling and administration expenses in one months following the month in which such expenses incurred. The cash balance as on 1st January is RO 20,250. Requirement: The Company has requested you to prepare Cash budget for the period of six months (January to June). [5 Marks]