Tanis kids fashion is ready to begin is third quarter, in which poak sales oceur. The company has their highest cush requirements in this quarter and they lave got an option of borrowing from bank in the multiple of Tk. 10,000 with and interest of IOF. 'They borrow at the beginning of the month and repay at the end. The following data have bech assembled to find their eash need for the upcoming unonths: - On July I the company have a cash balanee of 44,500 - Actual sales for the last two months and hudgeted sales (all males are exi accotni) are as follows: 10 Past experience shows that the sales are cellected in the following pattern: 25% of sales are collecied in the mothth of males 75% of sales are collected in the month following sales - Budgeted merchandise purchave and other copenditure are giveit below: Accounts payable for ane pard in full in the month following purchase, - Equipment costing Tk merchandise purchases on June 30 was Tk, 1,80,000 - The company needs a ining 10,000 will be purchased in in July for cash. Required: ash balance of Tk. 20,000 to start each month. and for the quarter intion schedule for the month of July, August and September b) Prepare a cash buter in total. b) Prepare a cash budget from July to September