is selling and provides services for bicycles. As at December 2021, it has the bank balance of $25,000. Below are estimates for the three months ending 31 March 2022

Items	January ($)	February ($)	March ($)
Sales	750,000	550,000	450,000
Bike Servicing	50,000	100,000	20,000
Salaries and Wages	250,000	200,000	200,000
Administration	50,000	50,000	50,000
Purchases - Bikes	500,000	400,000	300,000
Purchases - parts	10,000	14,000	3,000
Depreciation	$2,000	$2,000	$2,000
Interest income		$500

Additional information:

• Sales are 75% cash and 25% credit. Credit customers are paying 60% in the month of sale, and 40% in the month following the sales. December's sale was $800,000.
• Bike servicing are cash only to retail customers
• Purchases - Bikes: are on credit, pay the month following the purchase. Purchase for December 2021 was $450,000
• Purchase - parts: are paid by cash
• Depreciation is according to a straight-line method
• Due to COVID, the business has grown significantly. They have to extend the store and spend $200,000 to renovate the vacant store next door. The renovation will start in January 2022.

a)Calculate the total cash receipts for February only, using the table provided below:

Names of cash receipt items	February ($)
Total Cash Receipts	?

b) Calculate the total cash payments for February only, using the table provided below:

Names of cash payment items	February ($)
Total Cash Payments	?