You predict that sales for January 2024 are expected to be 40000 increasing by 10% in February 2024 and by a further 11% in March 2024. Also, only 80% of your customers pay cash and the remaining 20% are given 2 month credit. Fill in the following table (Sales Working 1). All numbers must be entered as whole numbers. Enter " 0 " in a cell if, in any month, there are no sales. The same applies to cash sales receipts, credit sales receipts and trade receivables b/f. Question 2 Prepare a forecast statement of financial position as at 31st March 2024 Trendy Clothing Ltd. Forecast Statement of Financial Position as at 31 March 2024 \begin{tabular}{|l|l|} \hline Equity & \\ \hline \hline Share Capital & \\ \hline Retained profits/losses & \\ \hline \hline Total Equity & \\ \hline Non-Current Liabilities & \\ \hline Borrowings - Bank Loan & \\ \hline \hline Current Liabilities \\ \hline \hline Trade payables & \\ \hline Dividend payable & \\ \hline \hline Taxation Payable \\ \hline \hline Total Current Liabilities \\ \hline \hline Total Equity and Liabilities \\ \hline \end{tabular} Prepare a cash flow forecast for the three months to 31st March 2024. Enter "O" in a cell if, in any month, there are no cash receipts / cash payments. The shop fixtures and fittings are depreciated on a 10% straight-line basis and there is no scrap value. You are preparing a business plan for the following three months from January to March 2024. The plan will include a Cash Flow forecast, a forecast Income Statement and a forecast Statement of Financial Position. You predict the following: - You rent out office space to another local business and receive 380 per month. - Your motor vehicle running expenses will total 550 per month and are payable in the month in which they are incurred. - Other expenses will be 2500 a month payable in the month in which they occur. - You are going to buy a delivery van for the business in January at a cost of 19000 for cash. You will depreciate the van on a 20% straight-line basis. The scrap value of the van is expected to be 6000 at the end of its useful economic life. - The tax charge for the three months to 31st March 2024 will be 8826 but this will not be paid until May 2024. - A dividend of 940 was proposed to cover the three months, January to March 2024 but this will not be paid until April 2024. - Interest on the bank loan is expected to be 115 a month. - Closing inventory at 31st March 2024 is expected to be 8000. In addition to the above information, you predict that purchases are expected to be 60% of sales and that you take on average 1 month credit from your suppliers. Fill in the following table (Purchases Working 2). All numbers must be entered as whole numbers. Enter "O" in a cell if, in any month, there are no credit purchases payments. The same applies to trade payables b/f. You have a small business engaged in the retail sale of ladies and gentlemen's fashions. An accounting year-end is 31st December, and it is now 1st January 2024. Information included on the Statement of Financial Position at 31 st December 2023 was as follows