The following information relates to Barokah Equipment Manufacturing Sdn. Bhd. for the year 2020. Month Salary (RM) Material Purchases (RM) Overhead (RM) Sales (RM) February 8,000 20,000 12,000 30,000 March 10,000 30,000 14,000 40,000 April 12,000 25,000 18,000 60,000 May 11,000 35,000 16,000 50,000 June 14,000 30,000 20,000 70,000 July 12,000 25,000 18,000 30,000 August 11,000 25,000 16,000 50,000 September 11,000 30,000 10,000 50,000 It is expected that the cash balance on 30 June will be RM10,000. The salaries are to be paid within the month they are incurred. It is the company's policy to pay for material purchases three months after receipt Debtors are expected to pay two months after delivery. 10% of the monthly sales are for cash and 90% are sold on credit. Included in the overhead figure is depreciation for motor vehicles. The annual depreciation for the motor vehicles is RM24,000. There is one-month delay in paying the overhead expenses. In July, the company will sell an office equipment bought at RM20,000 five years ago for RM5,000 cash. The cash is expected to be received in August. A new office equipment will be bought in August costing RM60,000, of which RM20,000 will be paid on delivery and RM20,000 in each of the following two months. Required: Prepare a cash budget for each of the three months of June, July and August 2020. [20 MARKS]