Jafatech Ltd is a small, fast-growing technology business. It is preparing its cash budget for the quarter from January 2023 to March 2023, the following data has been obtained from the company's management accounting system. In order to attract customers, Jafatech Ltd. has a history of offering generous credit terms. Customers tend to settle their debts according to the following pattern 20% in the month of sale 40% in the month following the month of sale 40% in the second month following the month of sale Purchases of materials are 40% of each month's sales. They are paid for in the month following the purchase. Other data: Wages are 20,000 per month and overheads are 50,000 per month (overheads include depreciation of 15,000 per month). These costs are paid in the month in which they are incurred. A major asset, costing 100,000, is due to be purchased in February 2023. In order to part-fund this asset purchase, a 60,000 loan (interest rate 1.25% per month) is to be taken out at the beginning of February. The opening cash balance on 01 January 2023 was 7,000. Required: (a) Prepare a detailed cash budget for each of the months from January 2023 to March 2023. [25 Marks]