From the information below, prepare a cash budget for the period from January to April.

Expected Sales Expected Purchase

Jan. $60,000$ Jan. $48,000$

Feb. $40,000$ Feb. $80,000$

Mar. $45,000$ Mar. $81,000$

Apr. $40,000$ Apr. $90,000$

The wages to be paid to workers amount to $5,000$ each month. Also, the bank balance on $1$st January was $8,000.$ The management decided on the following:

If the deficit fund is within the limit of $10,000,$ it is possible to make arrangements with the bank.

If the deficit fund exceeds $10,000$ but is within the limit of $42,000,$ the issue of debentures is preferred.

If the deficit fund exceeds $42,000,$ the issue of shares is preferred $($considering the fact that it is within the limit of authorized capital$).$