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The following information is extracted from Sosana Hotel's management report for the month of January 2022. RM Beginning cash balance 8,200 Budgeted revenue 13,000 Purchase

The following information is extracted from Sosana Hotel's management report for the month of January 2022. RM Beginning cash balance 8,200 Budgeted revenue 13,000 Purchase of inventory by cash 4,500 Cash repayment of bank loan 5,800 Additional information, 70% of Sosana Hotel's revenue is received in cash and the remaining 30% on credit. All credit sales are expected to be collected in the following month. Assume that there were no credit sales and credit purchases in December 2021. Based on the given information, prepare a cash budget for the month ended 31st January 2022 to calculate ending cash balance

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