The following information is available in the financial records of Kkp Ltd, a large retail shop: Actual Sales Purchases April $380,000 $230,000 May $350,000 $250,000 June $290,000 $170,000 July $410,000 $290,000 Budgeted Sales Purchases August $680,000 $610,000 Receipts from customers are normally 60% in the month of sale, 30% in the month following the sale, and 8% in the second month following the sale. The balance is expected to be uncollectible. Kkp Ltd pays for purchases in the following month. Cash payments during August (for expenses other than purchases) are expected to be $154,000. Any excess cash will be invested in short-term securities these investments have to be made in multiples of $10,000. Any cash shortage will be borrowed from the Bank of Aotearoa in multiples of $1,000. Kkp Ltd's cash balance on 1 August was $25,000. Required: (a) Prepare a cash budget for Kkp Ltd for August. Make sure you include: i. The expected cash receipts during August. ii. The expected cash payments during August. iii. Any investing or financing activities. iv. The expected cash balance on 31 August. prepare a cash budget