Mat Shidi Sdn. Bhd. estimates its financing needs for 2020.

The company's sales and

forecasts are as follows:

Month Sales (RM) Month Sales (RM)

Dec 80,000 Apr 70,000
Jan 70,000 Mei 50,000
Feb 95,000 Jun 5,000
Mar 40,000 Jul 70,000

In addition, other information regarding its financing projection is as follows:

i) 30 percent of the company's sales revenue is collected during the month of sale, 65 percent
is collected one month after the sale and the remainder is uncollected.
ii) Purchase of stock made one month before sale. Raw material purchases make up 70
percent of sales. Supplier is paid one month after purchase.
iii) Operating expenses are 10 percent of the monthly sales. Other fixed monthly expenses for
rent, salary and depreciation were RM1,300, RM2,000 and RM1,600 respectively.
iv) A tax deposit of RM1,500 was made in January.
v) An investment dividend of RM3,000 will be received at the end of March.
vi) The cash balance as at 31 December 2019 is RM7,000 and the minimum balance of
RM3,000 must be maintained at all times.
Based on the above information, prepare a cash budget for the three months ending March
31, 2020.