HD Tutors have been providing face to face teaching of various subjects from level years 1 to 12. They have decided to introduce a new service; 0nline Tuition in August. Below are estimates for the period ending September 2022: June June July August September Face to face tuition fees revenue $ 510,000 $500,000 $525,000 $550,000 0nline tuition fees revenue (new) $150,000 $200,000 Stationery Expense $ 7,000 $8,000 $10,000 $10,000 Purchase of Computer Equipment $75,000 $45,000 Proceeds from sale of old computer $5,000 $8,000 equipment Administration expenses 3 15,000 $15,000 $17,000 $17,000 Dividends income $2,000 Interest income $500 $600 Additional Information: - 0nline students must book and pay their tuition fee in the month prior to the month of the online class. - Face to face students pay their fees in the same month they attend the class. - Computer equipment is purchased using 50% credit, payable in the month following the purchase. - Old computers are sold for cash - Administration expenses for June and July includes depreciation expense of $1,000. The depreciation increases in the following months by $2,000. - Stationery is purchased on 30-day credit terms; there is no stationery held on hand. - In the absence of item related information, revenues I expenses are received I paid as earned / incurred. Using the below template, calculate expected cash receipts for July only? (3 Marks) Expected Cash Receipts Workings Total Expected Cash Receipts B X2 x2 E E E ABC G 123 C Use the below template: Expected Cash Receipts Workings Total Expected Cash Receipts32b) Using the below template, calculate expected cash payments for July only? (2 Marks) Expected Cash Payments Workings Total Expected Cash Payments AY B I U Xz x2 E IE E E ABC G 123 C Use the below template Expected Cash Payments Workings Total Expected Cash Payments32C) 0 Marks If the cash balance at the end of the period is above $200,000, make 2 suggestions for what the business should do with their cash surplus? (2 Marks) 32d) 0 Provide 3 differences between a cash budget and the statement of cash ows