Use the following information which relates to Ada Limited to answer the questions which follow: Information: 1. Cash at bank on 1 January 2021 amounted to R155 000. 2. Projected sales per quarter for 2021: First quarter R450 000 Second quarter R750 000 Third quarter R870 000 Fourth quarter R880 00 Sixty percent (60%) of the sales are for cash and forty percent (40%) are on credit. Cash customers are entitled to a 5% cash discounT