Use the information provided below to prepare the following for March and Apri 2024: 4.1 Debtors Collection Schedule ( 4 marks) 42 Cash Budget (16 mars) INFORMATION The following information was provided by BN Traders: 1. The bark balance on 28 February 2024 is expected to be R100 000 (unfavourabie). 2. The sales figures for the first four months of 2024 are expected to be as folowE: 3. Cash sales usualy make up 30% of the total sales. The balance of the sales is on credit. (Separate enthes are required for cash sales and collections from credit sales.) 4. Credit sales are normally colected as follows: 4.1 30% in the month of the sale, and these debtors are enttled to a 3% discount 42.65% in the month after the sale The rest is usually written off as bad debts. 5. Purchases from February to Apri 2024 are expected to be as follows: 6. Suxty percent (60%) of the cash purchases is subject to a 10% cash discount. Credicrs are paid in the month after the month of purchase. (Separate entries for cash purchases and payments to creditors are required.) 7. The monthiy salaries amount to R200 000 . This indudes the salary of the manager, N50000. On 01 April 2024 the salary of the manager is expected to increase by 8% and the rest of the employees by 10%. 8. The iban balance is expected to be R360 000 on 01 March 2024. Repayments of R15 000 per morth are made at the end of each month as per the loan agreement. Interest at 12% per amum on the ban balance is also payable at the end of each month. 9. Part of the builing is sublet to a tenart. The lease agreement for the year ended 31 March 2024 refiected the rental at R144000 per year, payable monthly. The rental wil increase by 10% with effech from 01 April 2024. 10. Other cash operating expenses are expected to total R150 000 for February 2024. These expenses are expected to increase by 5% each month thereater