The forecasted sales for January 2020 are R300 000. All sales are on credit. A discount of 5% is given if payment is made in the month of sale. Cash is received from credit sales as follow: 60% in the month of sale 30% in the first month following sale 10% in the second month following sale The amount to be received in Febuary 2020 from the January sales is calculated as: The following information is presented to you to prepare the cash budget for Alpha Stores: Actual September Expected October Expected November Cash purchases R120 556 R145092 R137 188 Payment for rent R23 000 R23 000 R23 000 Equipment to the value of R34 500 will be purchased on credit in October and will be repaid in three equal monthly installments commencing on 30 November 2020. The expected payments in November 2020 will be calculated as