Question 3 (35 marks) You are the cost accountant of Gau Mining Group Pty Ltd and your company used to have a debtors collection period and a creditors settlement period of 30 days. You have prepared the following incomplete budget to help you with a very important decision: Whether or not the company should extend the debtors collection period to 60 days in order to boost sales revenue, or whether to keep the collection period constant at 30 days. Incomplete budget: Keeping the collection period constant with no change in sales Jan 2021 Feb 2021 March 2021 April 2021 R R R R Abbreviated statement of comprehensive income Sales (all on credit) 180 000 00 180 000 00 180 000 00 180 000 00 Cost of sales (90 000 00) (90 000 00) (90 000 00) (90 000 00) Gross Profit 2 ? ? ? ? ? ? ? Expenses paid in cash (35 000 00) (35 000 00) (35 000 00) (35 000 00) Net Profit ? 2 ? ? Bank balance Opening balance for the month 210 000 00 ? ? ? Movement during the month ? ? ? 2 Expenses paid in cash ? ? ? ? 2 2 ? 2 Creditors settled in cash 7 ? ? ? ? 2 2 Cash receipts from debtors Closing balance 7 ? ? ? ? ? ? ? ? ? ? ? ? cele 7 ? 7 ? ? ? ? ? ? 7