The following information was supplied to you by Meta Ltd: 1. The bank account reflects a favourable balance of R200000 on 31 May. 2. "The expected monthly sales in unites are as follows: The selling price per unit is R300. All units produced are sold in the same month. 3. Cash sales is 60% of total sales. The balance of the sales is on credit. Debtors pay in the month after the sale. 2 4. Materials purchases are expected to be as follows: 40% of the material purchases is for cash and the balance is paid for in the following month. 5. Labour costs amounts to R70 per unit and are paid in the month in which they are incurred. 6. Manufacturing overheads are budgeted at R74 000 per month, excluding R6 000 for depreciation on machinery. Manufacturing overheads are payable in the month in which they are incurred. 7. Selling and administration costs contain a fixed portion of R80000 per month and a variable 6. Manufacturing overheads are budgeted at R74 000 per month, excluding R6 000 for depreciatio on machinery. Manufacturing overheads are payable in the month in which they are incurred. 7. Selling and administration costs contain a fixed portion of R 80000 per month and a variabl component of 20% of the monthly sales value. These costs are paid by the end of the applicable month. 8. Equipment with a cost price of R700 000 is to be purchased during June. A deposit of 20% of the purchase price will be paid in the month of the purchase and the balance plus finance charges R40 000 will be paid in twelve equal monthly instalments commencing July. Required: Prepare the Cash Budget for June, July and August using separate columns for each month