(8) An amount of $280,000 owed to the company and written off in 2013 was recovered in April 2014. In April 2014 the company spent $500,000 servicing its fleet of motor vehicles. This amount was not a part of its operating expenses budget. It also planned to pay dividends amounting to $600,000 to its shareholders in June 2014. Required: (a) A cash collection summary from sales, showing cash and credit collections separately for the second quarter of 2014. (6 marks) A cash summary (b) A payment summary for purchases showing cash purchases and credit purchases separately for the second quarter of 2014. (6 marks) (c) A cash budget for the second quarter of 2014. Clearly show amounts for cash sales, credit sales, cash purchases, credit purchases and totals. (23 marks)