1.5 out of 3 po The following information is presented to you to prepare the summary of the cash budget for Alpha Stores: EXPECTED: RANDS November 2020 December 2020 January 2021 February 2021 Cash sales 600 000 610 000 620 000 630 000 Receivables collection 180 000 190 000 196 000 208 000 Interest income 20 000 20 000 20 000 20 000 Cash purchases 24 000 26 000 28 000 30 000 Credit purchases 122 000 126 000 130 000 134 000 Operating expenses excl. salaries 80 000 80 000 90 000 90 000 Salaries 120 000 ? ? Operating expenses are paid in the month they are incurred and credit puhehases are paid within 30 days of purchase (ie, in the following month). Staff are paid an annual bonus in December of 50% of their monthly salary. In addition, staff are given an annual increase of 10% from 1 January each year No resignations or new staff appointments are expected over this period. The bank balance on 1 Febuary 2021 is expected to be R620 000 favourable. Complete the summary of the February 2021 cash budget below (No Rand signs, no spaces, no cents, no negative signs, no blanks - use a 0 if no cash flow) CASH BUDGET SUMMARY February 2021 Opening balance [a] ? Plus all cash receipts [b] Less all cash payments [c] Closing balance [d] Question 6 The following information is presented to you to renar