INFORMATION e handed to each student to outline the assessment requirements The owner of Cupcake Heaven, Sarah Winter, needs some assistance in preparing her budget and budget reports. She has gone through her past records thoroughly and has prepared a summary of what has happened and what is expected to happen. However, she is unsure how to determine cash receipts from debtors and cash payments from creditors. She has provided the following for your information. From balance sheet Actual Predicted 31 July 2017 31 August 2017 $ Balance of stock control 2600 3600 Balance of debtors control 2400 2800 Balance of creditors control 8600 9600 Balance of cash at bank 3210 From the profit and loss statement Actual Predicted 31 July 2017 31 August 2017 Cash sales 6500 6600 Credit sales 2750 2800 Cost of sales 4500 4600 Stock loss 800 800 Wages 1600 1600 Office expenses 200 200 Discount expense 110 120 Discount revenue 150 160 Bad debts 100 100 a) Reconstruct the following general ledger accounts to help Sarah with the preparation of her budgeted cash flow statement. Debtors Control, Stock Control and Creditors Control. Don't forget to allow for 10% GST on all sales and purchases. b) Using the above information, plus your reconstructions from part a, prepare a budgeted cash flow statement for Cupcake Heaven for the month ending 31 August 2017. C ) Taking into consideration your budgeted cash flow statement from part b, comment on the likely future cash position of this business d) Prepare a budgeted profit and loss for the month ending 31 August 2017. e) Write a brief report on the future performance expectations of Cupcake Heaven in related to the expected profit or loss. Assessment Summary - You are to submit the following. 3 x reconstructed general ledger accounts. Budgeted cash flow statement and report . Budgeted Profit & Loss statement Overview report on future performance expectations