The forecasted sales of Empire Sdn Bhd for the first and second quarter of 2016 are as follows: a) The company makes 25 percent cash sales, 40 percent is collected in the following moath. and 35 percent is collected in the second moath following sales, whereas 25 percent is bad debt. c) Purchases are 50 percent of sales and are made one month before the sales occur. Payment is made equally in the two months after purchases. d) The company pays RM25, 000 each month for wages and RM20, 000 each month for rent. e) Tax repayment of RM30, 000 is made at the begianing of each quarter. e) Selling expenses are RM35, 000 per month. f) Interest on term loan of RM 10,000 is payable at the beginning of every quarter. g) The company buys a new machine a RM RM40,000 in May and the monthly depreciation is RM500. h) Ending balasce for March is RM 80,000 and minimum of RM25, 000 must be maintained at all times. Prepare a cash budget for Empire Sda Bhd for the second quarter of 2016