Question No$.3$ Use the following data to prepare cash flow forecast for the six months ended December $31,2022.$

July August September October November December

Cash Sales $$14,000$ $$15,000$ $$17,000$ $$16,000$ $$15,500$ $$17,000$

Cash purchases $$11,000$ $$13,000$ $$13,000$ $$11,000$ $$10,500$ $$14,000$

Other data:

$$ Purchase of equipment $ $4,000$ in July for cash

$$ Rent received from apartment: $$500$ per month

$$ Repayment of loan installment $$400$ per month starting from September

$$ Fuel expenses: $$300$ per month starting from September

$$ Employee salaries: $$2,000$ per month

$$ Wages: $$800$ from September

$$ Administrative expenses $$200$ paid per month, increasing to $$300$ from September

$$ Electricity charges $$300$ per month, increasing to $$400$ per month from September

$$ Opening cash balance: $$4,000$