TechGadgets, which sells consumer electronics, had the following details for February and March:

Item	February (£)	March (£)
Cost of Goods Sold	290,000
Projected Increase (%)	5%
Inventory Balance (End)	22,000	25,000
Accounts Payable Balance	33,000
Cash Payments (Current Month)	75%
Cash Payments (Following Month)	25%

Requirements:

1. Determine the amount of purchases budgeted for March.
2. Calculate the total cash payments for inventory purchases in March and prepare a cash budget.
3. Prepare a schedule/form to calculate demand and supply for March if the demand is projected to increase by 8% and the supply is planned to be 4% less than the demand.