You are required to prepare the cash budght for the two months of January and February 2021. The following is the projected information December 2020 January 2021 February 2021 Cash sales R224 099 R238,956 R258 818 Receivables collection R184,692 R194,957 R203,620 R8.781 R10 452 R13,990 Cash purchases Operating expenses Credit purchases R49, 372 R50 331 R64,442 R70 090 R89,702 R96,753 Operating expenses are paid in the month they are incurred and credit purchases are paid within 30 days of purchase (ie, in the following month). The bank balance on 1 January 2015 expected to be R67 745 favourable Equipment to the value of R201 970 is to be purchased on credit in January 2021 and will be paid for in 8 equal instaiments commencing on 1 February 2021 The expected closing bank balance on 28 February 2021 will be