You have been provided with the following information:

The sales budgeted were as follows;

February	40,000
March	45,000
April	37,500
May	37,500
June	40,000

Purchases were as follows;

March	30,000
April	27,500
May	22,500
June	27,500

1) Debtors settle accounts as follows: 60% within the month of sale, 25% the month following, 15% the month after

2) All purchases are on credit and are settled 90% in the month of purchase and the balance the following month

3) Wages are P 7,500 per month and are paid in the month they are incurred

4) Overheads P 10,000 per month including P 2,500 depreciation, which are settled monthly

5) Tax of P 4,000 has to be settled in May

6) The comp[any will receive settlement of an insurance claim of P 12,500 in June

7) The opening Cash balance on 1^st April was expected to be P 15,000

Required

a) Prepare a cash budget for April to June