Use the information given to prepare the cash budget for each of the first three months in operations e$.$g$.$ January, February, March $2024.$ Use seperate monetarycolumns for each month.

The information below relates to the particular manufacturer which will commence business on $01$ January $2024.$ with R$750000$ cash:

$-$New machinery machinery and equipemtn will be purchased on $02$ January $2024$ for R $300000.$ A deposit of $20\%$ will be paid immediately. The balance of the debt as well finance charges of R $18000$ will be paid in $12$ equal instalments commencing February $2024.$

$-$Production will commence on $05$ January $2024$ and $30\%$ of sales for February's will be manufactured in January $.$ Each month thereafter the production will consist of $70\%$ of the current month sales and $30\%$ of the following months sales.

$-$Estimated sales at R $72$ per unit as follows:

Units

January $0$

February $8500$

March $11000$

April $10500$

$-$Cash sales are expected to comprise $50\%$ of the total sales. A cash discount of $10\%$ will be granted to these customers. The balance of the sales will be on credit. $30\%$ of the amount owing is expected to be received in the month of the sale and the balance in the month after the sale.

$-$ Variable manufacturing costs per unit are estimated as follows:

Direct materials R $30$

Direct labour R $16$

Overheads R $12$

$-$Direct materials will be purchased to meet the production requirments of each month. $60\%$ of the purchases is expected to be cash and the balance on credit. Creditors are expected to be paid in the month after the purchase.

$-$Direct labour costs are settled monthly.

$-$Variable manufacturing overheads will be paid in the month in which they are incurred.

$-$Fixed costs, excluding depreciation of R $5000$ are expected to amount to R $40000$ per monthand the fixed costs are paid monthly.