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Question 4 Relevant monthly budgeted data from Deen Ltd for the months of August to November 2021 are as follow: August RM September RM 162,000 October RM November RM 135,000 Sales 120,000 146,000 25,200 34,500 28,800 25,500 Wages Utilities expenses Overhead costs 11,500 15,800 13,700 13,200 18.800 28,000 24,600 22,800 Additional notes: 1. The firm is expected to have a cash balance of RM10,200 on 1 September 2021. 2. Sales are normally 50% cash and 50% credit. Credit sales are collected one month after the sales. 3. Purchases equal to 40% of the current month's sales and paid one month after the purchases. 4. Wages are paid in the month they are incurred. 5. Utilities expenses are paid one month in advance. 6. Overhead costs includes a charge for depreciation of RM8,000 per month. 7. Installment of a new machinery RM12.000 are due in September 2021. 8. The firm will finalize the sale of a property for RM85,400 in September. However, the buyer will only make payment in the following month. 9. Additional expenditure of loan repayment of RM8,500 in October. Required: Prepare a cash budget for September and October 2021