The following information has been provided regarding the expected activity for Ironman plc for the second half of its financial year which ends in September 2022: Monthly sales of 2,500,000, of which 50% are for cash, and 50% on credit paid two months after the sales occurred. Monthly sales in the first semester were 1,750,000; Purchases represent 45% of the month's sales, and are due in 60 days; Salaries are paid monthly in the amount of 900,000; Quarterly rent of 220,000 is paid on the first month of each quarter; Other monthly expenses (paid in cash) total 200,000; The company is looking to expand and has hired a management consultant to look at strategic alternatives for the first three months of the second half. Although variable, Ironman predicts a minimum monthly payment of 125,000 per month paid on the month after being incurred; There is an outstanding payment of 175,000 for office equipment, which is due in May; The cash balance at the end of March 2016 is expected to be 250,000. a) Prepare a monthly cash flow forecast for the second six months of Ironman's financial year. (16 marks)