Clean Kitchen Ltd is a company selling kitchenware. The following estimates have been made with respect to the next four quarters of operations in 2021: Quarter 1 Quarter 2 Quarter 3 Quarter 4 ($) ($) ($) Puarter Sales 225,000 287,500 356,000 410,000 Inventory Purchases 110,000 152,000 223,000 295,000 Salaries and Wages 32,500 32,500 38,000 38,000 Selling Expenses 12,500 14,700 15,900 21,000 Administration Expenses 8,600 10,400 12,600 13,500 Depreciation Expense 3,000 3,000 3,000 3,000 Dividend Paid 2,500 2,500 Additional information: O . . Inventory purchases are paid in the following quarter. The cash balance at 1 January 2021 was $24,500. 60% of sales are collected in the quarter sold, and 40% are collected in the following quarter. Sales and inventory purchases in the last quarter of 2020 were $200,000 and $100,000 respectively. All expenses and dividends are incurred and paid in the same quarter. The company will take a loan of $15,000 in the second quarter. The loan has an interest of 10% per year to be paid quarterly starting the following quarter. . . REQUIRED: (a) Prepare the schedule of receipts from debtors for the four quarters of 2021. (7 marks) (b) Prepare a cash budget for the four quarters of 2021. (7 marks)