Rastan Ltd budget for the four months from January to April includes the following data:

1.

Month	Sales	Materials	Wages	Overheads
	$000	$000	$000	$000
January	615	115.0	30	360
February	636	120.0	33	390
March	690	135.0	36	420
April	684	130.0	40	425

2. One-third of sales revenue is received one month after sale and the remainder is received two months after sale. The sales in the previous two months were: November $600 000; December $540 000.

3. One-quarter of purchases of materials are paid for in the month of purchase. The remainder are paid for two months later. Purchases in the previous two months were: November $108 000; December $106 000.

4. Two-thirds of the wages are paid in the month in which they are earned, and the balance is paid in the following month. The wages for the previous December amounted to $30 000.

5. One-half of the overhead expenditure is paid in the month in which it is incurred, and the balance is paid in the following month. The overheads for the previous December were $380 000.

6. Old machinery will be sold for $4000 in April. New machinery will be purchased in March for $90 000 but only one-half of the price will be paid in that month. The balance will be paid in August.

7. Rastan Ltd has an overdraft of $63 000 at the bank at 31 December.

Prepare Rastan Ltd cash budget for each of the four months from January to April.