QUESTION3 The following information relates to ABC Co. Ltd, a shoe merchandiser in Kuala Lumpur for the last quarter of 2002. They sell Shoes at the price of RM 40 per pair. The estimated Quantity sold for the last quarter of the year are given in the table below; November October December 2000 pairs 2500pairs 3000pairs The information below relates to the Credit Policy for ABC Company The company collects 60% of sales in the months goods are sold and the remaining 40% in the following month. A customer who bought goods in the previous quarter paid RM 30,000 on October 1st 2002. Another customer who had special credit extension pays RM 20,000 on November 1ST 2002. Prepare ABC Company's a) Sales Budget for the last quarter 2002 b) Cash collection Schedule for the last quarter 2002