The following details are given to prepare the budgets: - Sales 650000 ,-, accounts receivable are 5% of the sales at the end on the year. - Contribution\% is 28% - Accounts payable are 5% of the purchases at the end on the year. - Salaries, rent and other operating expenses 159 000,- - Investments in machinery is 15500 .- - Depreciation of the machinery is 10000 ,- and depreciation of the building is 4800 ,- - Taxes are 20% of the profit before taxes - Amortization of loans is 4500 , and interest expenses are 4000 ,- - Distribution of dividends is 10200 ,- - Cash at the end of the year should be at least 13000 .- - If more money is needed, loan is available from the bank. - Stock and Other creditors will be same as at the beginning of the year. Prepare a) Profit and loss budget b)Cash budget c)Estimated balance sheet