The following are the total sales and total purchases figures for Pulele Incorporated for the past four months. Total sales Total purchases Budgeted total sales Budgeted total purchases Question January 20.8 (R) February 20.8 (R) March 20.8 (R) 513 000 440 000 402 000 330 000 00 00 Required: 412 000 240 000 The budgeted sales and purchases figures for May, June, July and August are as follows. June 20.8 (R) July 20.8 (R) August 20.8 (R) May 20.8 (R) 00 720 000 00 760 000 800 000 00 650 000 420 000 00 440 000 460 000 00 400 000 00 00 00 00 00 3. 40% of all purchases are on credit. 4. Purchases amounting to R 240 000 are expected to be made in September. 5. Creditors are settled as follows: 00 00 Notes: 1. 75% of all sales are on credit. 2. Cash is collected from debtors as follows: 40% of outstanding amounts are collected during the second month following the month during which the sale took place (i.e. after 60 days) 35% are collected in the subsequent month (i.e. after 90 days) 22% are collected in the subsequent month (i.e. after 120 days) 3% is irrecoverable April 20.8 (R) 628 000 00 379 000 00 65% of outstanding amounts are paid back within 30 days, and an early settlement discount of 5% is allowed by these creditors. The balance of 35% is settled in the subsequent month (i.e. 60 days). Prepare a schedule of budgeted receipts from debtors for the period 1 May to 31 October 20.8. Prepare a schedule of budgeted payments to creditors for the period 1 May to 31 October 20.8. R