The following information relates to FCL Limited:

Month Wages Materials Purchased Overheads Sales

February 6,000 20,000 10,000 30,000

March 8,000 30,000 12,000 40,000

April 10,000 25,000 16,000 60,000

May 9,000 35,000 14,000 50,000

June 9000 30,000 14,000 70,000

July 7000 25,000 16,000 60,000

August 11,000 25,000 10,600 50,000

September 9,000 30,000 14,000 50,000

1. Cash balance on 31^st May will be Rs. 40,000.
2. The wages are paid within the month they are incurred.
3. The company pays creditors for materials two months after the month of purchase.
4. Debtors are expected to pay two months after delivery.
5. Overhead expenses are paid in the same month.
6. 20% of the monthly sales are for cash and 80 % are sold on credit.
7. It is decided to repay a loan of Rs. 11,000 on June and Rs 4,000 on August.
8. A Plant was purchased at Rs 40,000 on April. The payment schedule is: Rs 10,000 to be paid as down payment in April, and the remaining amount in 3 equal instalments in the next three months.

You are required to prepare a cash budget for each of the three months of June, July and August.