Question 4 (20 Marks) In preparing your Budget and Cash Flow for the year ended 31 December 2022 the following information was received from your accountant. Due to the effects of COVID-19, the entity chose to move to smaller premises. A contract was signed for new office premises from 1 August 2022 . The deposit payable is R30000 and the monthly rental is R25000. You are expecting to receive R15000 deposit refund on 15 September 2022 for the previous premises you rented. You invoiced R100 000 on a monthly basis in 2020 . You are planning on increasing the monthly invoicing with 5% from March 2022 and then with 5% in Aug 2022 . Debtors pay on average 75% of the invoices during the month of invoicing and 25% in the next month. Your bank balance on 31 December 2021 is R50000. You are required to draw up an Income Statement (Profit and loss) budget and a Cash Flow forecast for December 2022 in column format. List each income and expense item separately. (20) * Insert column for each month of the year