Wills Ltd. has just started a NEW business with capital of 5,000. The following budgeted information is available: Sales will be 40% cash less a 5% discount for prompt payment; all remaining sales are on one month's credit and it is expected that 10% will go bad. Purchases are on cash basis. Utilities are 500 per month payable quarterly in arrears. Rent is 3,000 per month and payable quarterly in advance. Wages of 3,000 per month are paid in the month incurred. A loan of 4,000 will be taken out on 1st January. Depreciation is 2,000 per month. A car will be purchased for 5,000 on 1st February. 2a) Create a cash budget showing the three months January. Eebruary and March. (16 marks). 2b) Explain in detail three ways in which the cash buoget for Wills Ltd could be better managed. (9 marks)