The foliowing information was taken from the financial records of CO ). The CFO incorporated prepared the basic cash flow budget for December 2017 and January 2018 using the following Information: 2 COl reported the following actual total basic services sales for the three months ended 30 September 2017 (NB: 80% of the sales afe on credit): - September-8270000 - October-R330000 - November-R390000 3 Credit sales of basic services are to be collected as follows: - 30% in the month of the sale - 40% after 30 days - 28% after 60 days - 2% are written off as bad debts. 4 All purchases are on credit and creditors are paid two months after the expense occurred. Credit bulk purchases for September, October, and November amounted to R162 400, R166900, and R170 500 respectively. 5 New delivery vehicles will be purchased on 1 December 2017 for R150 000 and depreciated at 10% p.a. on cast. COI will finance the deposit of the vehicle of R50 000 and will borrow the remaining R100 000 loan from PNP Bank. The R100 000 borrowed will be repaid with 4 equal monthly installments beginning 31 December 2017 . The loan is payable in two years' time and bears interest of 15% p.a. payable monthly