Question 4 Use the information provided below to prepare the following for January and February 2003 41 Deblors Collection Schedule 42 CB INFORMATION The towing information was provided by Indl Enterpri The bank balance on 31 December 2022 is expected to be Rs0 000 an T 2 Credit sales are expected to be 3 December 2022 R5000 540000 February 2003 (4marka) (marks) Credit ses unually make up 40% of the total sales. Cash sales make up the balans Cash oniones ove 10% det L Oodle ally d Budgeted purchases of inventory are as follows: December 2022 January 2023 February 2023 R1 000 000 R800 000 R920 000 6 10 B Fity percent (50%) of the purchases are for cash. The remainder in paid in the month after the purchase The monthly salaries amount to R150 000 Salaries are expected to increase by 3% with effect from of February 2023 for those employees who presently make up 80% of the salary bill. The salaries of the remaining 20% are expected to increase by 6% Interest at 18% per annum on the loan balance is paid at the end of each month The loan balance on 31 December 2022 was 400 000 and a capital repayment of R100 000 will be made on 01 Fuary 2023 Part of the building is audiet to a tenant and rent in collected monthly. The lease agreement for the year with Other operating expenses are budgeted at R40 000 per month. This amount includes R5 000 for depreciation Operating expenses are paid for in the month in which they are incurred on 5