The following information pertains to SK Traders for the three months ended 30 June 2021:

	Actual	Budgeted
	April	May	June
Sales (20% for cash and 80% on credit)	380,000	420,000	460,000
Purchases (10% for cash 90% on credit)	250,000	300,000	340,000
Salaries and wages paid	50,000	70,000	70,000
Cash expenses	28,000	32,000	36,000
Depreciation	2,000	2,000	2,000

It is expected that debtors will settle their accounts as follows: 20% in the month of sale

70% in the month after the month of sale, and 5% in the second month after the month of sale

The remaining 5% is usually written off as bad debts.

Trade creditors are paid in the month after the purchases at a discount of 5%.

50% of the salaries and wages are weekly wages. Because wages are paid weekly, usually 10% of the wages are paid in the month following the month in which they were incurred.

Expenses are paid as they arise.

The favourable bank balance on 1 May was R20 000.

Prepare the Cash Budget of SK Traders for June and July 2021.