You are asked to prepare a Cash Budget using the cash collections

in $2020$ for the JJ Pharmacy. The following information is available.

i$.$ Cash balance at January $1,2020$; $$38000\mathrm{.}00.$ Also, in the first quarter direct

material cost $$40000\mathrm{.}00,$ direct Labour cost $$50000\mathrm{.}00,$ Administration expenses

$$60000\mathrm{.}00.$

Advertising $$15000\mathrm{.}00$ and rent $$20000\mathrm{.}00$ quarterly.

ii$.$ Equipment was purchased in the first quarter for $$50000\mathrm{.}00.$ Equipment

purchases increased in the second quarter by $50\%.$

Equipment purchases in the third and fourth quarter $$90000\mathrm{.}00$ respectively