Use the information provided below to prepare the following for January and February 2023: 4.1 Debtors Collection Schedule

INFORMATION The following information was provided by Intel Enterprises: 1. The bank balance on 31 December 2022 is expected to be R40 000 (unfavourable). 2. Credit sales are expected to be as follows: December 2022 January 2023 February 2023 R576 000 R540 000 R648 000 3. Credit sales usually make up 40% of the total sales. Cash sales make up the balance. Cash customers receive a 10% discount. 4. Credit sales are normally collected as follows: * 30% in the month in which the transaction takes place, and these customers are entitled to a 5% discount. * 65% in the following month The rest is usually written off as bad debts. 5. Budgeted purchases of inventory are as follows: December 2022= R1 000 000, January 2023= R800 000, February 2023= R920 000