The budgeted transactions of Zoom's CC for the quarter ending 30 April 2015 are as follows: 1. Budgeted sales amount to R 1 152 630.98. (38 % will be sold during February 2015, 34 % during March 2015 and the rest during April 2015. 49 % of the sales are expected to be made on credit. Debtors usually pay their debt as follows: 46 % in the month following the month of sales 28 % in the second month following month of the sales 18 % in the third month following the month of the sales 8 % is written off as irrecoverable in the last month of collection 2. Purchases is expected to amount to R 720 394.00. Assume that opening and closing inventories will remain constant and that a constant mark-up percentage is maintained throughout. 41 % of all the purchases are made on credit, while creditors are paid in the month following the month in which the purchases were made. 3. Sales personnel receive a commission of 14 % on all sales. Office personnel receive monthly salaries of R 13 098.00 each. There are 12 office staff members. The commission and salaries are paid in cash everymonth. 4. New office equipment with a hire purchase price of R 230 526.20 will be purchased on 1 February 2015. A deposit of 40 % of the HP price must be paid on 1 February 2015, and the balance must be paid in 55 equal monthly instalments beginning the 1 March 2015. R 8 538.01 depreciation is to be written off per month on this vehicle as from 1 April 2015. 5. Income tax amounting to R 26 196.00 is payable during April 2015 to SARS. 6. Dividends of R 19 647.00, declared on 8 January 2015, must be paid during march 2015 The following balances appeared in the books of Zoom's CC on 31 January 2015: Bank (favourable) R 611 244.00 Debtors R 205 312.00 Creditors R 180 099.00 8. Credit sales were as follows during the previous budget period: November 2014 R 180 099.00 December 2014 R 108 059.00 January 2015 R 144 079.00 Required: Prepare Zoom CC monthly cash budget for February, March and April 2015