Question 5 Cash Budgeting (15 Marks) On 1 April 2021 Stiggles Ltd commenced business with a cash balance of $60,000. Sales for the next six months are expected to be April $ 40 000 July $ 200 000 May $ 60 000 August $ 250 000 June $ 120 000 September $ 100 000 .70% of the sales are expected to be cash sales and 30% of credit sales are collected in the month of the sale and 70% in the month following sale. Expenses are expected to be $29 600 in April including depreciation $600, $40 200 in May including depreciation $600 and $50 600 in June including depreciation $600 .Required: Prepare cash budget for the months of April, May and June 2021. Comment on the results.