Manama Company provided the following information for the next year 2018: Statements January February March Projected Cash Sales 150,000 200,000 250,000 Projected Credit Sales 100,000 220.000 260,000 Projected Cash Purchases 50,000 100,000 110,000 Projected Credit Purchases 80,000 150,000 180,000 a) Manama Company estimates that it will collect 80% of its sales in the month of sale, 20% in the month after the sale. b) Manama Company pays 30% of merchandise purchases in the month purchased and 70% in the following month. c) The company expects to sell a car of its own in March in a value of BHD 25,000 d) The company expects to buy a land in February that will cost BHD 25,000; BHD 15,000 cash and BHD 10,000 will be paid in the next month (March). c) General operating expenses are budgeted to be BHD 18,000 per month. Manama Company pays operating expenses in the month incurred. Manama Company makes loan payments of BHD 3,000 per month. 3) The beginning cash balance of the company on 1st of March is BHD 1,000. h) The company's policy states to have a cash balance at the end of each month not less than BHD 40,000 Instructions: Prepare the cash budget for March 2018