Question 2 Sipho and Sipho opened a branch in Cape Town in January of 20x2. The have been operating on a basis of 50000 orders per month. The factory has been reorganized to accommodate 57500 orders per month as from february 202. The factory charges R115.00 per device and incurs direct expenses per order as follows: The monthly administration overheads cost are presented in Table 3 : Table 3: Monthly administration overheads cost INC 2601/S2/2022 Staff salaries are paid at the end of each month. Other provisions are received evenly throughout the month and are paid for at the end of the following month. Sundries are delivered in the month before the month of use and are paid at the end of the month of use. Other expenses are paid for at the end of the month in which they are incurred, except for the following items and 1 January 203 Both rent and depreciation are allocated to the accounts in equal monthly installments. The center policy is that the orders are invoiced at the end of each month and receipts are collected as follows: - 39% by the end of the 1st month after invoice - 27% by the end of the 2nd month after invoice - 34% by the end of the 3rd month after invoice At the end of December 202 there was a bank balance of R762 506.56 You are required to: 2.1 Prepare a cash budget for January 203, show receipts and payments [10]