Question $2(20$ Marks$)$Masakhe enterprises is a clothing retailer. The management of the company provided you with the following information forpreparing the cash budget.October November DecemberSales $550000600000450000$Purchases $350000380000210000$The following additional information will help you in the preparation of the cash budget.$40\%$ of the sales is for cash. The remaining is on credit. Credit customers pay $60\%$ of their credit balances in the $1$stmonth after purchase and the balance the following month.$50\%$ of purchases is paid cash. The rest is on credit. Masakhe Enterprises pays the amount owing on creditpurchases equally over the next two months after the purchase.$$ Salaries and wages are currently at R$40000$ a month with an annual increase of $8\%$ on $1$ December. Salaries arepaid on the last day of each month.$$ Rental paid by the company per month is at R $20000.$ The company sublets parts of the building at R $8000.$ A fixed deposit of R$100000$ made at the start of the year pays an interest of $6\%$ per annum simple interest. Interest isreceived from the bank at the end of each month.$$ Other cash operating expenses amount to R $3000$ per month.$$ The bank balance of the company at $31$ October is R$43798($positive balance$)$RequiredPrepare the cash budget of Masakhe Enterprises for November and December $2023$