Shadan owns a grocery store and he needs a cash budget for the month June 2020. Here is the information obtained from his business record. 1. The cash balance on 1 June 2020 is RM1,500. 2. Actual sales for April and May are as follows: April May RM RM Cash sales 20.000.36.000 Credit sales 57.800.70.000 Total sales 7.800.106.000 3. Cash collection from credit sales is done within three months: 40% in the mouth during sales, 30% second month after sale and 20% third month after sale. The rest could not be collected. 4. Inventory purchases are at 65% of current month sales. Purchase payment inventory is made in two months which is 20% in the month when the inventory purchase is purchased and the rest in the following month. 5. The total salary payment is RM24,000 per month 6. The monthly rental payment is RM8,000 7. Tax paid for June is RM14.000 8. The estimated sales for June 2020 is RM38,000 for cash sales and RM100,000 for credit sales. BE REQUIRED a) Prepare cash budget for June 2020