Problem 2 From the information below, prepare a cash budget for a company for April, May, and June 2019 in a columnar form. - 10% of purchases and 20% of sales are for cash. - The average collection period of the company is half a month and credit purchases are paid off regularly after one month. - Wages are paid half monthly and the rent of M500, excluded in expense, is paid monthly. - Cash and bank balance on April 1 was M15,000, and the company aims to keep it below this figure at the end of every month. The excess cash is placed in fixed deposits