The following information was made available by Nabeem Fashions for the three months ending 31 March 2018.

Details	January	February	March
	Rand	Rand	Rand
Sales	460 000	490 000	520 000
Purchases	50 000	80 000	100 000
Rent income	22 000
Salaries	35 600

Additional information:

60% of the sales are for cash and the balance is on credit. Collection from debtors is as follows:

*30% in the month of sale

*70% in the month after the sale.

2. All purchases are on credit and are paid one month after the purchases less 2% discount.

3. Rent income will increase by 10% on 1 March 2018.

4. Salaries will increase by R 5 400.00 in February 2018.

5. Advertising in the daily newspapers amounts to 15% of the months sale and is paid in the month following the advertisement.

6. A fixed deposit of R 75 000.00 matures on 28 February 2018. Interest of R 5 000.00 will also be received on this date.

7. A loan repayment of R 40 000.00 will be made on 31 March 2018 to Rundry Loan Company.

8. A favourable cash balance of R 75 000.00 is expected to be on hand on 1 February 2018.

Required

Prepare a Cash budget statement for February and March 2018