QUESTION 4 (20 MARKS) Roman Berhad is a company located in Kuala Lumpur. The company's statement of financial position as at Jan 2020 as below: Roman Berbad Statement of Financial Position Jan 2020 PARTICULARS RM Cash 12,000 account Receivable 77,500 Building 267,000 TOTAL ASSET 356,500 Account Payable 78,250 Note Payable 19,300 Retained Earings 258,950 TOTAL LIABILITIES AND EQUITY 356,500 Additional information to preparing budget for Feb 2020: i. Sales are budgeted at RM231,000 for February 2020. Of these sales RM69,300 will be cash, the remainder will be credit sales. One-half of a month's credit sales are collected in the month the sales are made and the remainder is collected in the following month. All of January 31 account receivable will be collected in February ii. Total disbursement cash for merchandising is RM133,850 for the month of February ii. Selling and administrative expenses for February 2020 are budgeted at RM189,600 The expense is paid by cash. iv. Note payable on Jan 31 will be paid during February, with RM155 in interest Company will purchase fumiture RM12,500 during February 2020. vi. Borrow RM24,000 from bank during February E. a Calculate the expected cash collection from customers for February 2020. (Show workings) (8 maris) (CLO2 PLOS.CO) b. Prepare the cash budget for February 2020. (12 marks) YCLO2 PLOS.C6)