QUESTION 4 PART A In preparing the cash budget, Perfect Berhad needs to project its ability to collect its debt from its customers for its first quarter of 2018. The following information was taken from the sales budget of the company: Perfect Berhad Sales Budget: Type of Sale For the quarter ended 31 March 2018 Month 1st Quarter January February March RM RM RM RM Type of sale: Cash sales (10%) 135,000 159,000 160,000 454,000 Credit sales (90%) 1,260,000 1,341,000 1,460,000 4,061,000 Total sales revenue 1,395,000 1,500,000 1,620,000 RM4,515,000 Based on its collection history, the company expects 80% of credit sales is collected in the month after the sale, 15% is collected two months after the sales and the remaining 5% is never collected. Credit sales for the previous last quarter of 2017 are as follows: RM October 1,285,200 November 1,360,800 December 1,234,800 Required: a) Prepare the schedule of expected cash collections of Perfect Berhad for the first quarter of 2018. (8 marks)