Cash Budget: Kumanbuy Traders $(60)$The following information is available regarding the operations of Kumanbuy Traders:Current and budgeted information: Actual Budgeted JanuaryFebruaryMarchAprilMayJune RRRRRRCash sales$184502325021000525063007350$Credit sales$810097203900097501170013650$Salaries$800085008315841585158400$Sundry expenses$10200124001110097001010011700$ ADDITIONAL INFORMATION A discount of $5\%$ will be allowed to cash customers. It is expected that debtors will settle their accounts as follows:$50\%$ in the month following the sale$\mathrm{.}30\%$ in the second month following the sale$\mathrm{.}15\%$ in the third month following the sale$\mathrm{.}5\%$ bad debts.Purchases are based on $40\%$ of total sales for each month. Suppliers are expected to allow $30$ days credit.Salaries are normally paid in the month in which they occur. This was not the case at the end of March when a technical problem occurred, and it was only paid on the second day of April.Kumanbuy Traders had negotiated a loan with the bank of R$40000$ to be received on $4$ May $20$x$4.$ Interest at a rate of $8\%$ per annum is payable at the end of each quarter.The amount owing to SARS is R$7000.$ The final date for the payment of income tax is $31$ May $20$x$4.$According to the rent contract that was signed on the $1$st January $20\mathrm{.}4,$ rent expense for the year is R$72000.$ This must be paid quarterly in advance.A salary bonus of the average salaries of the first five months of the year will be paid in May.Sundry expenses are paid in the month in which they occur and include depreciation of R$2500$ per month.The cash balance on $31$ March $20$x$4$ is R$13900.$ REQUIREDCalculate the credit receipts and payments schedules.Prepare the cash budget of Kumanbuy Traders for the period April to June $20$x$4.$Analyse the efficiency of Kuman Buys cash collection policy and make recommendations on how to improve the cash policy. $(15)$