Ilona ltd is preparing its cash budget for May. The following information is available regarding the monthly collection history of the company.

Current month$$s sales collection $30\%$

Prior months sales collection $58\%$

$2$ months prior sales collection $6\%$

$3$ months prior sales collection $4\%$

The remaining $2\%$ is not collected and the company writes if off as bad debt. Credit sales are as follows:

February R$410000$

March $295000$

April $385$

May $400000$

The total cash disbursement for the month of May amounts to $420000$ and the cash balance on $1$May was $10000.$

REQUIRED

a$.$ Calculate the cash balance at $31$ May

b$.$ Comment on the cash flow position on $31$ May

ROUNDING OF AMOUNTS TO THE NEAREST RAND AT EACH INTERVAL. ROUNDING OF UNITS ONLY IN FINAL ANSWER.

ANSWER IN THE SPACE PROVIDED BELOW. SHOW CALCULATIONS CLEARLY. ONLY ANSWERS IN THIS SPACE WILL BE MARKED.