REQUIREU Use the information provided below to prepare the following for March and Aphil 2024: (4 marks) 4.1 Debtors Collection Schedule ( 16 marks) 4.2 Cash Budget INFORMATION The tolowing informaton was provided by BN Traders: 1. The bank belance on 28 February 2024 is expected to be R100000 (untevourable). 2. 3. Cash sales usually make up 30% of the total sales. The balance of the sales is on cedit. (Separate entries are required for cash sales and collections from credit sales.) 4. Credit sales are nomaly collected as toliow: 4.1 30% in the month of the sale, and these debtors are entised to a 3% discount 42.65% in the month after the sale. The rest is usually witten off as bad debts. 5. 6. Soxty percent (60%) of the cash purchases is subject to a 10% cash discount. Credilors are paid in the month after the month of purchase. (Separale enties for cash purchases and payments to crediors are required) 7. The monthly salanes amount to R200 000 . This includes the salary of the mansger, R50 000 . On 01 Apri 2024 the salary of the manager is expecled to increase by B% and the rest of the employees by 108 8. The ioan balance is expected to be R360 000 on 01 March 2024 Repayments dR 15000 per month are made at the end of each morti as per the loan ogreenemt Intacest at 12% per annum on the loer balance is alse payable at the end of each month 9. Part of the buling is sublet to a tenart The lesse ageement tor the year ended 31 March 2024 sefocted the tertalat R144 000 per year payable monthy . Tre vental wi ncrease by 100 with eflect from 01 Apti 2024 10. Othe cash operding eiperses sie enpected to total R150 000 for February 2024 . These expenses