Part B $(40$ marks$)$ Answer any one question. Each question contributes $40$ marks. Question $1$ The figures in the table below relate to HM Furnishing which is seeking your advice on its financial position. You are provided with the following additional information: $-$ Each month consists of four weeks. $-20\%$ of sales are for cash, and $80\%$ on credit. Half the credit customers pay in the month following the month of the sale and the balance two months later. $-$ All purchases for materials are on credit and are paid for in the month following the month of the purchase after first deducting a $5\%$ cash discount. $-$ Wages are paid one week in arrears. $-$ Expenses which include RM$2,500$ for depreciation each month are otherwise paid in the following month. $-$ In January $2024,$ the company will purchase a new delivery van for RM$42,000$ less RM$6,000$ trade in on the old van. Payment will be made $50\%$ in the month of purchase and the balance of $50\%$ in March. $-$ The bank balance at start of January $2024$ is expected to be RM $2,800.-$ No stock of raw materials or finished goods is held. Required: