The following information relates to the expected receipts and payments: All the sales are cash. All purchases are on credit and paid for in full in the month after purchase. Water and electricity costs will be R15 000 in June and are expected to increase by 10% per month since its winter. Salaries and wages are expected to be R13 000 per month. Warehouse rent amounts to R10 500 per month and is not expected to change in the foreseeable future. Administration expenses are expected to be R8 000 per month. A new delivery vehicle costing R230 000 2ill be purchased in September. Interest of R2 500 on an investment made with U Bank will be received in August. The cash balance of Mac Ltd on 30 June is R95 000 Required: Prepare a cash budget for Mac Ltd for July, August and September.