Question 1 A. Delicious Catering Supply sells various dishes and beverages to small stalls in the local and surrounding communities in Kelana Jaya. The company's executive, Mr. Vijayan, has requested your help in preparing a cash budget for the month of March and April. Mr. Vijayan accumulated the following information for you: i. The cash balance on March 1 was estimated to be RM73,800. ii. Actual sales for January, February and March, and budgeted sales for April are as follnsie' Credit sales are collected over a two-month period where 60% is collected in the next month of sales while the remainder is collected in the second month of sales. The credit sales for December last year were RM52,000. iii. Inventory purchases average 70% of a month's total sales. Of those purchases, 60% are paid for in the month of purchase. The remaining 40% is paid for in the following month. iv. Salaries and wages total RM13,300 per month. v. The company received interest from the fixed deposit accounts of RM30,000 in March. vi. Taxes to be paid in April are RM5,200. vii. During the month of February, an old piece of kitchen equipment has been sold for RM4,200 and the new one has been purchased for RM7,300. viii. Rental expenses are RM3,000 per month. ix. The monthly administrative expense is RM11,000 including RM1,800 for depreciation. Required: Using the information above, prepare: i. A schedule of collections received from customers. ii. A schedule of payments to suppliers. iii. A Cash Budget