Dear tutor, please assist with a Cash Budget question. Thank you.

Question 2 [14 MARKS] Sales for October, November, and December are expected to be R200 000, R180 000, and R220 000, respectively, for Tolo Company. All sales are on account (terms 2/15, net 30 days) and are collected 50 percent in the month of sale and 50 percent in the following month. One-half of all sales discounts are taken on the average. Materials are purchased one month before being needed, and all purchases and expenses are paid for as incurred. Activities for the quarter are expected to be: October November December Materials used R40 000 R36 000 R44 000 Salaries R70 000 R68 000 R72 000 Maintenance and repairs R18 000 R18 000 R18 000 Depreciation R36 000 R36 000 R36 000 Utilities and other R14 000 R14 000 R14 000 Dividends paid RO R10 000 RO Payment on bonds R8 000 R8 000 R8 000 Required: Using the given information, prepare a cash budget for November