Loyolo Ltd.'s budgeted monthly sales are R3 000 000. Altogether 40% of its customers pay in the first month and take the 3% discount. The remaining 60% pay in the following month of sale and do not receive a discount. The company's bad debts are negligible and can be ignored. Purchases for the next month's sales are constant each month at R1 500 000. Other payments for wages, rent and taxes are constant at R708 000 per month. Using a single month's cash budget, what will the cash gain/loss be during a typical month at this firm? 1. R728 000 2. R740 000 3. R756 000 4. R776 000