The following data and estimates are available for Morrocan Enterprises for August, September and October 2022. Sales Wages Fixed overheads Variable overheads October (R) August (R) September (R) 11 000 220 000 330 000 28 000 34 000 35 000 18 500 18 500 18 500 9 000 11 000 10 000 The following information is available regarding purchases of direct materials. August R15 000 September R27 000 October R29 000 Additional information 1. 30% of sales are for cash, cash sales for July amounted to R99 000. Credit sales are repaid in the following month of sale. 2. Since wages are paid on specific days, only 75% of a month's budgeted wages are paid in that month. The rest in paid in the following month. R6 000 of the wages for July are due to be paid during August. 3. Fixed overheads include R2 000 per month for depreciation. Payment of fixed overheads is delayed by one month. July's fixed overheads amounted to R18 500. 4. 60% of the Direct materials is paid for in the month in which they were incurred and 40% is to be paid one month later. Direct materials for July amounted to R12 500. 5. Purchases of variable overheads are paid for in the month purchased 6. The opening cash balance in August is R27 800. 7. A tax bill of R42 000 is to be paid in August. REQUIRED Prepare a cash budget for August, September and October 2022.