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Use the information provided below to answer the following questions. INFORMATION The following information relates to Apricot Inc., a small retail enterprise: Additional information: 1. It is expected that the cash balance on 31 May 2022 will be R220 000 . 2. The wages may be assumed to be paid within the month they are incurred. 3 It is company policy to pay suppliers for materials three months after receipt. 4. Credit customers are expected to pay two months after delivery. 5. Included in the overhead figure is R20 000 per month which represents depreciation on two cars and one delivery van. 6. There is a one-month delay in paying the overhead expenses. 1. Ten per cent of the monthly sales are for cash and 90 per cent are sold on credit. 8. A commission of 5 per cent is paid to agents on all the sales on credit but this is not paid until the month following the sales to which it relates; this expense is not included in the overhead figures shown. 9. It is intended to repay a loan of R250 000 on 30 June. 10. Delivery is expected in July of a new machine costing R450 000 of which R150 000 will be paid on delivery and R150 000 in each of the following two months. 11. Assume that overdraft facilities are available if required. REQUIRED: You are required to prepare a cash budget for each of June, July, and August 2022

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