I am unable to draw up the cash budget

Question 7 Not yet and The following information relates to learn apps, which operates in the online education business Marked out of 2500 The closing cash balance on 31 December 2020 was R85 000 Course delivery and service foes earned were expected to be as follows: Pog tion Month Course fees Service fees December 2020 January 2021 February 2021 R40,000 R75,000 R180,000 R25,000 R50,000 R10,000 The courses and service toes are offered on credit with a 20% deposit payable on booking the course or service. Therefore, all customer foes outstanding represent the remaining 80% of the value outstanding after taking the deposit into account The following terms relate to fees that were all on credit 0 . Type here to search There were no fees outstanding from any months before December + o acer HU Time lot 21:45 OVICOS Section budget The courses and service fees are offered on credit with a 20% deposit payable on booking the course or service. Therefore, all customer fees outstanding represent the remaining 80% of the value outstanding after taking the deposit into account. 2 Sectior valuat The following terms relate to fees that were all on credit Sectio > loss p There were no fees outstanding from any months before December Debtors torms are as follows: O 30% of fees are collected from clients in the month of the sale o 40% of fees are collected from clients in the month following the sale o 25% of fees are collected from clients in the second month following the sales o The remainder will not be collected and will be written off as credit loss D Sectic price marc Study material purchases were as follows: 10 Month December 2020 January 2021 February 2021 Material purchases R60 000 R90 000 RIO 000 Finish at Type here to search Month Material purchases December 2020 January 2021 February 2021 R60 000 R90 000 RIO 000 . o There were no material purchases outstanding from the months before December 2020. 25% of purchases are paid in cash. 75% of purchases are on credit. 11 Creditor terms are as follows: . 20% of purchases are paid in the month of the purchase 60% of purchases are paid in the month following the purchase, 20% of purchases are paid in the second month following the purchase. Received interest income from an investment in cash in February is R22,065. Rent expenso, including utilities, is R1 000 a month. Depreciation of course delivery equipment is R13,750 per month. A further provision was raised in respect of posible credit london in February, 25000 Mt Whiteboard receives R2 500 a month from the company in respect of personal expenditure OtG Type here to search Received interest income from an investment in cash in February is R22,955. Rent expense, including utilities, is R11 000 a month. Depreciation of course delivery equipment is R13,750 per month. A further provision was raised in respect of possible credit losses in February, R5 000 Mr Whiteboard receives R2 500 a month from the company in respect of personal expenditure. REQUIRED: Prepare the cash budget of LeamApps for the months of January and February 2021 only. Round off all answers and workings to two decimal places