The management of RT Ltd. has called for a statement showing the workingcapital need to finance a level of activity of 2,00,000 units of output for theyear. The cost structure for the company’s production for the above level ofactivity is (per unit) :Raw materials Rs. 30Direct labour Rs. 15Overhead (including depreciation @ 6 per unit) Rs. 15Selling price Rs. 80Other Information :a) Minimum desired cash balance is Rs. 4,00,000b) Raw materials are held in stock, on an average for 1 monthc) Work in progress (assume 50% completion stage) will appropriate to 1months productiond) Finished goods remain in warehouse, on an average for 2 monthse) Supplier of materials extend one month credit and debtors are provided 2months credit. Cash sales are 20% and credit purchase is 75% of purchasef) There is a time lag in payment of wages one month and half a month incase of overheadsPrepare a statement of working capital requirement.