16. The following information relates to Active Ltd.: Month Wages (Rs.) Material () February 6,000 20,000 March 8,000 30,000 April 10,000 25,000 May 9,000 35,000 June 12,000 30,000 July 10,000 25,000 August 9,000 25,000 September 9,000 25,000 Overheads (5) 10,000 12,000 16,000 14,000 18,000 16,000 14,000 14,000 Sales (3) 30,000 40,000 60,000 50,000 70,000 60,000 50,000 50,000 (i) It is expected that the cash balance as on 31st May will be Rs. 22,000. (ii) The wages may be assumed to be paid within the month they are incurred. (iii) It is a company policy to pay creditors for materials three months after receipt. (iv) Debtors are expected to pay two months after delivery. (v) Included in the overhead figures inRs.2,000 per month which represents depreciation on two cars and one delivery van. (vi) There is a one month delay in paying the overhead expenses. (vii) 10% of the monthly sales are for cash and 90% sold on credit. (viii) It is intended to repay a loan of Rs.25,000 on 30th June. You are required to prepare a Cash Budget for each of the three month of June, July and August [10]