Question 4 Use the information provided below to prepare the following for January and February 2023: 41 Debtors Collection Schedule 42 Cash Budget INFORMATION The following information was provided by Intel Enterprises: 1. The bank balance on 31 December 2022 is expected to be R40 000 (unfavourable). Credit sales are expected to be as follows: December 2022 R576 000 January 2023 February 2023 R540 000 R648 000 3 Credit sales usually make up 40% of the total sales. Cash sales make up the balance. Cash custo receive a 10% discount. Credit sales are normally collected as follows. 30% in the month in which the transaction takes place, and these customers are entitled to a 5% discou *65% in the following month The rest is usually written off as bad debts. 5. Budgeted purchases of inventory are as follows: December 2022 January 2023 February 2023 R1 000 000 R800 000 R920 000