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Spintex Ltd Income Statement for the year ended 30 June begin{tabular}{|l|r|r|} hline & & hline & & 2021 hline & & 4

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Spintex Ltd Income Statement for the year ended 30 June \begin{tabular}{|l|r|r|} \hline & & \\ \hline & & 2021 \\ \hline & & 4 \\ \hline Tumover & & 48,476 \\ \hline Cost of Sales & (29,450) \\ \hline Gross Profit & 19,026 \\ \hline Operating Expenses & (6,550) \\ \hline Operating Profit (PBIT) & 12,476 \\ \hline Interest received(paid) & (850) \\ \hline Profit(Loss) before taxation & 11,626 \\ \hline Taxation & & (32) \\ \hline Profit(Loss) after Tax for year & 11,594 \\ \hline \end{tabular} Statement of Financial Position as at 30 June List three (3) costs which a business might incur as a result of running out of inventory. Briefly describe 3 (three) reasons why a company would prepare a Cash Budget

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