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 R150000 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 \\( \\mathrm{R} 432000 \\) per year and is payable monthly. 6. Wages will be increased by \8 on 01 March 2024 . 7. New computers are expected to be purchased for R36 000 cash during April 2024. 8. Commission payable to sales personnel is calculated at \5 of sales and it is paid one month later. 9. The bank balance on 29 February 2024 is expected to be R20 000 (favourable)