Techno-byte Ltd sells computers. At the beginning of May 2022 the business had an overdraft of R70 000 and the bank had asked that it be settled by the end of October 2022. As a result, the directors decided to review their plans for the next 6 months and the following is the cash budget that was subsequently drawn up for the 6 months ending 31 October 2022. Techno-byte Ltd Cash Budget for the 6 months ended 31 October 2022 May Jun Jul R000 R000 R'000 Aug Sep Oct R'000 R'000 R'000 Cash receipts 454 630 492 276 236 216 Cash sales 454 630 492 276 236 216 Cash payments 404 528 506 328 264 240 Cash purchase merchandise 270 360 284 188 150 132 Administration expenses 80 82 76 66 62 60 Loan repayments 10 10 10 10 10 10 Selling expenses 44 48 56 52 42 38 Shop refurbishment 28 36 12 Tax payment 44 Cash surplus (shortfall) 50 102 (14) (52) (28) (24) Opening cash balance (70) (20) 82 68 16 (12) Closing cash balance (20) 82 68 16 (12) (36) Additional information - The business maintains a minimum monthly inventory level of R80 000 of merchandise. - The gross profit margin is 40%. 2.1 You are required to provide a detail report based on the cash budget provided by Techno-byte on what problems are likely to be faced by Techno-byte Ltd during the 6-month period from May to October 2022? Suggest ways in which the business may deal with these problems. (25 marks)