Tekad Maju Sda Bhd has been engaged in the process of forecasting its financing needs over the next quarter and has made the following forecasts of planned cash receipts and disbursements: The monthly sales for the year of 2023 : EI a) 60% of credit sales are tealized in the month following the sale and the remainder in the second month following. b) The raw materials are 55% of the current sales and Creditors are paid in the month following the month of purchases c) The wages and salaries are paid based on 10% of sales in the month. The utility for the firm is 5% of sales in the montis of thein incurrence d) Furthermore the monthly rent expenses are RM 18,000 and Office supplies RM 800 e) RMS, 000 tax payments are to be made in the second month of each quarter. f) A 5% annual interest on a RM 400,000 term loan will be paid monthly