The estimated cash sales from the selling division for the third quarter of 2019 are as follows: July R160 000 August R180 000 September R162 000 The information representing all other transactions: . Q.4.6 The business uses a mark-up of 30% on cost. Salaries and wages are R8 000 per month. The business pays rent of R3 500 per month. Sundry expenses are R6 400 per month. A loan of R30 000 will be obtained on the 1st of July 2019. The interest rate is 6% p.a. and interest is payable at the end of every month. The capital portion of the loan is repayable in equal monthly instalments of R1 000 and is paid on the 1st of each month. Trading stock (inventory) sold each month must be replenished that month. The bank balance on the 1st of July 2019 was R45 000. Perform the cash budget for the three months representing the third quarter of 2019 Assume that all transactions are cash transactions. Show all calculations as marks will be awarded for calculations. Round all your amounts to the nearest Rand DE WEEK 7 SEEN TU.docx