Uwe the information provided below to prepare the following for March and Apni 2024: 41 Detarts Colection Schedule (4 mars) 4.2 Chth Butget (t matst) INEORMATION The follomig inlormation was provided by BN Traders: The bank balance on 28 February 2024 is expected to be R100000 (unfavcuratie) The salas figuren for the fint four montis of 2024 are expocled to be as folicus: 3. Cazh sales usually make up 300 of the total salas. The balance of the sales is con creod. (Separale antries are required tor cash sales and colvections from credit sales) 4. Crodi sales are normally collected as follows 4.1 30 in the month of the sale, and these debtors are entited 10 a 3% discount 4.2. 650 in the month atter the sale The rest is usually written off as bad debts. 5. Purchases fram February to Annil 2024 are exbected to be as follows: 6. Sixty percent (60%) of the cash purchases is subject to a 10% cash discount. Crediors are paid in the month after the month of purchase, (Separate entries for cash purchases and payments to creditors are required.) 7. The monthly salaries amount to R200 000. This includes the salary of the manager, R50 000 On O1 Anrl 2024 the salary of the manager is expected to increase by 8% and the rest of the empioyees by 10= 8. Thaipan balance s expected to be R360 000 on 01 March 2024. Repayments of R15 000 per month aris nade at the end of each month as per the loan agreement. Interest at 12% per amum on the balance is also payabie at the end of each month Q. 2 of the buiding is sublet to a tenant. The lease agreement for the year ended 31 March 2024 retiacted the rental at R144 000 per year, payable monthly. The rental will increase by 10% w wh effect from 01 A) 2024 10. Other cash ooeraling expenses are expected to total R150 000 for Februery 2024. Thase expenses are expected to increase by 5% eech month thereafter