A proforma cost sheet of a company provides the following data: Cost per unit ₹ Raw material 52.00 Direct Labour 19.50 Overheads 39.00 Total Cost 110.50 Profit 19.50 Selling Price 130.00 The following is the additional information available: Average raw material in stock: one month Credit allowed to debtors: two months Time lag in payment of wages: one and a half weeks Overheads: one month One fourth of the sales are on cash basis. Cash Balance is expected to be ₹1,20,000. You are required to prepare a statement showing the working capital needed to finance a level of activity of 70,000 units of output. You may assume that production is carried on evenly, throughout the year and wages and overheads accrue similarly.?