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resign and landscaping business. As at 31 December 2020, it had a bank balance of $5000. Provided below are estimates for the three months ending 31 March 2021 January ($) February ($) March ($) Fees (cash) 150,000 120,000 170,000 Fees (credit) 80,000 65,000 76,000 Salaries and wages expense 72,000 60,000 78,000 Garden Supplies Expense (used) 23,500 13,300 18,000 Purchase new equipment by cash 200,000 Administration 2,000 2,000 2,000 Proceeds from the sale of obsolete 30,000 non-current assets Purchase of plant seedling 45,000 50,000 62,000 Dividends received 3,000 Additional information: Receipts from account customers are received in the following pattern. 60% in the month of sale, and 40% in the month following Credit sales in December 2020 was $20,000 All purchases for "Gardening Supplies" are cash. The anticipated Gardening Supplies on hand at 31 st of Jan and 28th of Feb is $3,000 and $5,000 respectively. At the end of February, it is anticipated that $5,000 of salaries and wages would remain payable. Plant seedlings are purchased on a cash basis Administration expenses include depreciation of $750 per montha. Calculate the total budgeted receipts for the month of FEBRUARY? (2 marks) i v B I U 2x x2 S E E E ABC 123 O C b. Calculate the budgeted payment for Gardening Supplies for the month of FEBRUARY? (2 marks) .- -- - --- -K- i v B I U X2 x2 E E ABC 123 G CS Scanned with CamScanner c. Calculate the budgeted wages payment in the month of FEBRUARY? (1 mark) -- --- -Additional information: . Receipts from account customers are received in the following pattern. - 60% in the month of sale, and 40% in the month following . Credit sales in December 2020 was $20,000 - All purchases for "Gardening Supplies" are cash. The anticipated Gardening Supplies on hand at 31\" of Jan and 28'" of Feb is $3,000 and $5,000 respectively. . At the end of February, it is anticipated that $5,000 of salaries and wages would remain payable. . Plant seedlings are purchased on a cash basis . Administration expenses include depreciation of $750 per month Using the above information Scanned with CamScannert 3. Calculate the total budgeted receipts for the month of FEBRUARY? (2 marks) c. Calculate the budgeted wages payment in the month of FEBRUARY? (1 mark) - --- - i B IU X2 x2 IE E E ABC 123 O C d. Calculate the budgeted administration expenses payment for the month of FEBRUARY? (1 mark) --- -.- - -. i B I U X2 x2 E E ABC 123 O C K M C'S Scanned with CamScanner