QUESTION $2(20$ Marks$)$ REQUIRED Use the information provided below to prepare the Cash Budget for a project of Nozer Enterprises for February and March $2025.($Note: The Cash Budget must reflect separate monetary columns for each month.$)$ INFORMATION $1.$ An unfavourable bank balance of R$20000$ is expected on $31$ January $2025.2.$ Expected monthly sales $($excluding discounts$)$ are as follows: January R$1000000$ February R$1020000$ March R$9000003.4.$ Cash sales comprise $60\%$ of the total sales. Customers who purchase for cash would be entitled to a discount of $10\%.$ The balance of the sales is on credit. Debtors usually pay in the month after the sale. $($Separate entries are required for cash sales and receipts from debtors.$)$ Cash purchases of materials are expected to be as follows: January R$176000$ February R$160000$ March R$1360005.6.7.8.9.10.$ Forty percent $(40\%)$ of the material purchases is for cash and balance is paid for in the following month. $($Separate entries are required for the cash purchases and payments for credit purchases.$)$ Labour costs are estimated at $10\%$ of the sales value $($excluding discounts$)$ and are paid for in the month in which they are incurred. Manufacturing overheads are expected to total R$60000$ per month. Manufacturing overheads are payable in the month in which they are incurred. Selling and administrative costs are estimated at R$150000$ for January $2025.$ These costs are expected to increase by $10\%$ each month and are payable by the end of the applicable month. Equipment with a cost price of R$500000$ is to be purchased during February $2025.$ A deposit of $10\%$ of the purchase price must be paid in the month of the purchase and the balance in ten equal monthly instalments commencing March $2025.$ R$50000$ is expected to be paid to SARS on $31$ March $2025$ for company tax. At the end of each month ten percent $(10\%)$ of the sales value $($excluding discounts$)$ of the previous month is expected to be invested.