Refer to the sales budget prepared Construct a cash budget for Bulat Rimba for the first and second quarter of 2022

All sales are on credit and are collected 30 percent in the quarter of sale and 70 percent in the quarter following the sale. The company has a history of no bad debts. The sale from the last quarter of 2021 were RM420,000. Purchases of direct materials are paid for in the quarter acquired; direct labour costs are paid in the quarter incurred. Overhead expenses are paid in the next quarter. The accounts payable on the balance sheet is for overhead expenses from the last quarter of 2021 Selling and administrative expenses are paid in the quarter incurred. The total are RM40,000 per quarter, including RM10,000 of depreciation. All sales are on credit and are collected 30 percent in the quarter of sale and 70 percent in the quarter following the sale. The company has a history of no bad debts. The sale from the last quarter of 2021 were RM420,000. Purchases of direct materials are paid for in the quarter acquired; direct labour costs are paid in the quarter incurred. Overhead expenses are paid in the next quarter. The accounts payable on the balance sheet is for overhead expenses from the last quarter of 2021 Selling and administrative expenses are paid in the quarter incurred. The total are RM40,000 per quarter, including RM10,000 of depreciation. All sales are on credit and are collected 30 percent in the quarter of sale and 70 percent in the quarter following the sale. The company has a history of no bad debts. The sale from the last quarter of 2021 were RM420,000. Purchases of direct materials are paid for in the quarter acquired; direct labour costs are paid in the quarter incurred. Overhead expenses are paid in the next quarter. The accounts payable on the balance sheet is for overhead expenses from the last quarter of 2021 Selling and administrative expenses are paid in the quarter incurred. The total are RM40,000 per quarter, including RM10,000 of depreciation. All sales are on credit and are collected 30 percent in the quarter of sale and 70 percent in the quarter following the sale. The company has a history of no bad debts. The sale from the last quarter of 2021 were RM420,000. Purchases of direct materials are paid for in the quarter acquired; direct labour costs are paid in the quarter incurred. Overhead expenses are paid in the next quarter. The accounts payable on the balance sheet is for overhead expenses from the last quarter of 2021 Selling and administrative expenses are paid in the quarter incurred. The total are RM40,000 per quarter, including RM10,000 of depreciation.