Additional information: . Sales are 75% cash and 25% credit. Credit customers are paying 60% in the month of sale, and 40% in the month following the sales. December's sale was $800,000. o Bike servicing are cash only to retail customers o Purchases - Bikes: are on credit, pay the month following the purchase. Purchase for December 2021 was $450,000 o Purchase - parts: are paid by cash o Depreciation is according to a straight-line method o Due to COVID, the business has grown significantly. They have to extend the store and spend $200,000 to renovate the vacant store next door. The renovation will start in January 2022.Topic: Budgeting WinBikes Pty Ltd is selling and provides services for bicycles. As a_t December 2021, it has the bank balance of $25,000. Below are estimates for the three months ending 31 March 2022 Items January February (3) March (3) (3) Sales 750,000 550,000 450,000 Bike Servicing 50,000 100,000 20,000 Salaries and 250,000 200,000 200,000 Wages Administration 50,000 50,000 50,000 Purchases - Bikes 500,000 400,000 300,000 Purchases - parts 10,000 14,000 3,000 Depreciation $2,000 $2,000 $2,000 Interest income $500 A.Calculate the total cash receipts for February only, using the table provided below: Names of cash receipt items February ($) Total Cash ReceiptsB.Calculate the total cash payments for Febmaryir only, using the table provided below: Names of cash payment items Febmaryr (S) Total Cash Payments