REQUIRED Use the information provided below to prepare the following for March and April 2024: 3.1 Debtors Collection Schedule (4 marks) 3.2 Cash Budget (16 marks) INFORMATION The following information was provided by Supra Enterprises: 1. The following are estimates for the first four months of 2024 : 2. Sixty percent \(60 of the sales is for cash and the balance is on credit. Collections from credit sales are as follows: \20 is collected during the month of the sale; \75 is collected in the month after the sale. The remaining \5 is written off as bad debts. 3. Seventy percent \(70 of the purchases is on credit. The balance is for cash. Creditors are paid two months after the month of purchase. 4. Supra Enterprises will make an investment of R150 000 in fixed deposit on 01 March 2024. Interest at a rate of \12 per annum is expected to be received monthly from March 2024. 5. Rent expense amounts to R432000 per year and is payable monthly. 6. Wages will be increased by \8 on 01 March 2024