SPB is preparing monthly budgets for 3 months ending 31 March 2009. Forecasts have been drawn up as follows: Month Sales Purchases RM'000 RM'000 Overhead RM'000 Nov 2008 130 75 Dec 2008 150 65 Jan 2009 140 50 222 12 12 10 Feb 2009 90 90 7 March 2009 160 100 11. April 2009 170 120 14 Additional information: (i) Bank Balance on 1 January 2009 is expected to be RM5,000. (!!!) (!!) (iv) 50% of sales are on credit. Payments from debtors are received two months after transaction takes place. 20% of purchases are made immediately and the balance, one month later. Overheads are paid one month in arrears. (v) Wages per month amounts to RM5,000 and are payable in the same month. (vi) (vii) (viii) (ix) (x) Rent is RM100,000 per annum payable quarterly in advance on 1 January, 1 April, 1 July and 1 October. Depreciation is estimated at RM,3,000 per month. Corporation Tax of RM12,000 is due in February. A new machine was purchased in December 2008 for RM130,000 for which a deposit of 10% was paid. The balance will be paid in two equal installments on February and March 2009. The business is expected to receive a business development grant amounting to RM100,000 from the government in March 2009. This will be receivable in four equal amounts on 1 March, 1 June, 1 September and 1 December of 2009. Required: (i) Prepare a cash budget for SPB for the first 3 months of 2009. (26 marks) (!!) List four purposes of cash budgets. (4 marks)