The following information has been provided for Acetex Limited. 1. Total sales figures for January to June 2021 are as follows: Credit sales are 60% of monthly sales and are collected as follows: 50% in the month of sale and 50% one month after sale 2. The abridged Statement of Financial Position as at 31 March 2021 is as follows: 3. A new delivery vehicle costing R80 000 will be purchased on 1 April 2021. 4. Depreciation for the year ended 31 December 2021 will be as follows: - Plant and equipment R40 000 - Motor Vehicles R16 000 5. Inventory is calculated as a percentage of sales for each quarter. 6. Selling and administration expenses will amount to 20% of total monthly sales and are paid in the month of sale. 7. Rent amounts to R480000 per annum and is paid monthly. 8. Forty percent of purchases are for cash. The total purchases are budgeted as follows: Creditors are paid in full in the month after the purchase. 9. Other expenses are expected to be 10% of total monthly sales and are paid in the month incurred. 10. Interest on the long term loan is paid at a flat rate of 12% per annum on the amount outstanding at the beginr each quarter. 11. 10% of the long term loan will be repaid by the end of June 2021 4.1 Prepare a Budgeted Statement of Comprehensive Income for the 3 months ended 30 June 2021. 2 Prepare a Budgeted Statement of Financial Position as at 30 June 2021. The following information has been provided for Acetex Limited. 1. Total sales figures for January to June 2021 are as follows: Credit sales are 60% of monthly sales and are collected as follows: 50% in the month of sale and 50% one month after sale 2. The abridged Statement of Financial Position as at 31 March 2021 is as follows: 3. A new delivery vehicle costing R80 000 will be purchased on 1 April 2021. 4. Depreciation for the year ended 31 December 2021 will be as follows: - Plant and equipment R40 000 - Motor Vehicles R16 000 5. Inventory is calculated as a percentage of sales for each quarter. 6. Selling and administration expenses will amount to 20% of total monthly sales and are paid in the month of sale. 7. Rent amounts to R480000 per annum and is paid monthly. 8. Forty percent of purchases are for cash. The total purchases are budgeted as follows: Creditors are paid in full in the month after the purchase. 9. Other expenses are expected to be 10% of total monthly sales and are paid in the month incurred. 10. Interest on the long term loan is paid at a flat rate of 12% per annum on the amount outstanding at the beginr each quarter. 11. 10% of the long term loan will be repaid by the end of June 2021 4.1 Prepare a Budgeted Statement of Comprehensive Income for the 3 months ended 30 June 2021. 2 Prepare a Budgeted Statement of Financial Position as at 30 June 2021