sales The following information is available for you to prepare the cash budget for the third quarter of 2022 of Arian Business Sdn Bhd. Month Budgeted Budgeted Budgeted purchased production of raw material May 4,000 units 7,000 unit 5,000 units June 6,000 units 8,000 units 7,000 units July 7,000 units 6,000 units 6,000 units August 6,000 units 7,000 units 7,000 units September 6,000 units 8,000 units 6,000 units Additional information: 1. A cash discount of 3% is given to the customer if payment is made in the month of sales. Normally 30% of the sales are collected in the month of the sales while the remainder are collected one month after the sales. Selling price is RM30 per unit. 2. All purchases of raw materials are on credit. The supplier has given two (2) months credit facilities to business. Purchase price of material is RM5 per unit. 3. Wages are paid in the month they are incurred and based on budgeted sales. The direct labour cost is RM4 per unit. 4. Fixed overhead is RM10,000 per month, which includes depreciation on vehicle of RM 1,000. This overhead is paid as it is incurred. In July, the company transfer RM50,000 to Bank Islam Malaysia for a fixed deposit. Interest on the fixed deposit is 15% per annum and is paid on quarterly basis. Interest of RM1,875 on this fixed deposit is expected to be received in September 2021. 6. Commission of RM15,000 from the head office will be received in August 2021. 7. Opening balance on 1 July 2022 is RM20,000 overdraft. 5. a. b. Required: Prepare a Cash Budget for Arian Business Sdn Bhd for the months of July to September 2022. Briefly explain the following cash term: i) Cash surplus ii) Cash deficit