Question 4 Mahogany Trading is in the business of trading electrical goods. The following sales are expected over the 6-month period from July 2022 to December 2022. 2022 Purchases RM Sales RM Jul 12,000 17,000 Au ust 14,000 22,000 Se tember 13,000 18,000 October 14,000 14,000 November 15,000 16,000 December 18,000 18,000 Wages of RMI,500 are paid in the month that they are incurred. Overhead expenses of RM600 are due and paid each month. On 1st November, Mahogany plan to buy a second-hand van for RM8,000. The old van will be sold on 15 December 2022 for RM2,500. Sales are all on credit and the company policy is to allow a 2-month credit period. Half of the purchases are on credit and the length of credit period allowed is a month. The other half of the purchases are for immediate settlement. The balance at the bank as at 31 August 2022 is RM6,000. Required: Prepare a cash budget for the 4-month period ending 31 December 2022.