The following information pertains to HABESHA Traders for three months ended $31$ May $2020.$

March April May

R R R

Sales $(20\%$ for cash and $80\%$ on credit$)360000380000400000$

Purchases $(10\%$ for cash $90\%$ on credit$)240000280000320000$

Salaries and wages paid $400006000060000$

Cash expenses $240002800032000$

Depreciation $200020002000$

Additional Information:

$2\mathrm{.}1$ It is expected that debtors will settle their accounts as follows:

$20\%$ in the month of sale

$70\%$ in the month after the month of sale, and

$5\%$ in the second month after the month of sale

Page $3$ of $4$

$2\mathrm{.}2$ The remaining $5\%$ is usually written off as bad debts.

$2\mathrm{.}3$ Trade creditors are paid in the month after the purchases at a discount of $5\%.$

$2\mathrm{.}450\%$ of the salaries and wages are weekly wages. Because wages are paid weekly,

usually $10\%$ of the wages are paid in the month following the month in which they were

incurred.

$2\mathrm{.}5$ Expenses are paid as they arise.

$2\mathrm{.}6$ The favourable bank balance on $1$ April $2020$ was R $21000.$

Required:

Prepare the Cash Budget of HABESHA Traders for April and May $2020.$