The following information has been provided for Bay Watch (Pty) Ltd. Actual Forecasted March April May June July R R R R R Sales (40% cash,60% credit) 264 000 316 400 356 600 352 000 368 000 Purchases 238 160 274 280 280 320 276 000 284 000 Salaries 26 320 26 320 ? ? ? Distribution cost 13 200 15 820 17 830 17 600 18 400 Other operating expenses 7 480 7 760 10 160 8 200 8 600 Credit losses 7 920 9 492 10 698 10 560 11 040 Additional information: a) Cash in respect of credit sales is collected as follows: - 60% in the month of the sale - 25% in the month following the sale - 10% in the second month following the sale - 5% is uncollectable. b) 70% of all purchases are on credit and are paid during the month that follows that of the transaction. c) All salaries, distribution and other operating expenses are paid in cash in the month that they are incurred. d) In May, all employees receive their annual increase of 5%. e) Other operating expenses include depreciation of R3 000 per month. f) A 30-day loan of R40 000 was obtained from FNB bank in June 2023 to be repaid in July 2023, R2 000 interest will be capitalised onto the loan and payable upon settlement of the loan. g) The cash in the bank on 1 June was R20 800. REQUIRED Prepare the cash budget for the months of June and July 2023. When completing the template below ensure that numbers are written without the R symbol and without spaces for example R 100 000 is filled in as 100000. Use brackets for example (200000) where applicable. Where the line item has no impact, indicate as such with "0" input. Round off numbers to the nearest whole number where necessary.