Razali intends to run a laundry shop on 1 January 2020 with an initial capital of RM32,480 consisting of: Cash in bank Cash in hand Machine Razali plans to apply for a loan of RM12,000 in February 2020 at an interest rate of 8% per annum. The loan will be repaid monthly for 4 years, starting the following month. The estimated receipts and payments for his business are as follows: i) Revenue from laundry services for January 2020nwas RM8,900. This revenue is expected to increase 10% each month from the following month. ii) The total purchase of detergents by month is as follows: January February March RM 1980 500 30,000 iii) The monthly rent is RM1,200. iv) Utility budget: 60% of the purchase of detergent will be paid in cash and the balance will be paid in the following month. January February March RM 1,500 1,800 2,160 RM 860 970 1,120 v) The business plans to buy five units of dryers and two units of washing machines at a total cost of RM40,000 in March. An advance payment of 60% will be made and the balance paid in full in the following month. Required: On behalf of Razali, prepare a cash budget for the three months ending 31 March 2020.