\fThe following information relates to Wellworths Enterprises: 1. Balances on 1 October 2021 Equipment (including computers) at cost price R80 000 Accumulated depreciation on equipment R34 000 Bank (debit) R90 000 Accrued expenses (Advertising) R5 000 2. Extract from the Statement of Comprehensive Income for the year ended 30 September 2021 Salaries R360 000 Advertising R29 500 Interest on loan R12 000 Loss on disposal of vehicle R3 200 Other cash operating expenses R178 000 3. Total sales is as follows: Actual 2021 Budgeted 2021 August September October November December R90 000 R80 000 R75 000 R110 000 R150 000 4. 40% of all sales are on credit 5. The amounts owing by debtors are collected as follows: - 40% in the month of sale and a 2.5% discount is given to these debtors for prompt settlement -35% after 30 days -20% after 60 days - The rest is written off as irrecoverable after 90 days 6. The business uses a fixed stock base and buys what it sells at the end of each month. . A fixed mark up percentage of 50% on cost is used. 8. 25% of purchases are paid in cash 9. 90% of creditors are paid in the month following the purchase and a discount of 5% is received on these payments. The remainder of creditors are paid after 60 days