QUESTION 2 a) Given the following information, construct a cash budget for Farimida Corporation for the first quarter of 2018. i. Sales for October 2017 until May 2018 October 2017 RM600,000 February RM310,000 November RM650,000 March RM250,000 December RM450,000 April RM860,000 January 2018 RM350,000 May RM750,000 ii. 40 percent of sales are for cash, 30 percent will be collected one month after sales and another 30 percent will be collected on the second month after sales. Raw materials for production will be purchased 60 percent, one month before sales in advance and paid 100 percent after two (2) month of purchased. Operating expenses for salaries and wages are estimated RM15,000 every month, rental of RM5,000 every month and utilities amount to 2 percent of current month of sales. The interest of RM10,000 on marketable securities will be paid in March. Ending cash balance for December 2017 is RM20,000. The company also intends to maintain a minimum cash balance of RM100,000 every month. iv. V. (12 marks)