points You are required to prepare the cash budget for the two months of January and February 2021 The following is the projected information December 2020 January 2021 February 2021 Cash sales R223,531 R237 425 R254 166 R180,739 Receivables collection Cash purchases R 194,512 R201,435 R8,071 R11 629 R13,567 R41,872 R56,846 Operating expenses Credit purchases R63,528 R73 318 R84.163 R96 369 Operating expenses are paid in the month they are incurred and credit purchases are paid within 30 days of purchase (ie in the following month) The bank balance on 1 January 2021 is expected to be R63,237 favourable Equipment to the value of R227956 is to be purchased on credit in January 2021 and will be paid for in 8 equal instalments, commencing on 1 February 2021 The expected payments total for February 2021 will be