Question 3: Mee Bandung Berhad's projected sales for the first six months of 2022 are given below. 2022 January RM250,000 February RM340,000 March RM280,000 April RM300,000 May RM350,000 June RM380,000 20% of sales are collected in cash at time of sale, 50% are collected in the month following the sale, and the remaining 30% are collected in the second month following the sale. Cost of goods sold is 55% of sales. Purchases are made in the month prior to the sales, and payments for purchases are made in the month of the sale. Total other cash expenses are RM70,000/month. The company's cash balance as of February 28, 2022 will be RM10,000. Excess cash will be used to retire short-term borrowing (if any) Mee Bandung Berhad has no short-term borrowing as of February 28, 2022. Ignore any interest on short-term borrowing. The company must have a minimum cash balance of RM10,000 at the beginning of each month. What is Mee Bandung Berhad's total disbursement in May? Required: Prepare the cash budget for March, April and May 2022.