QUESTION $4(20$ Marks$)$ REQUIRED Use the information given below to prepare the following for March and April $2024$: $4\mathrm{.}1$ Debtors Collection Schedule $(4$ marks$)4\mathrm{.}2$ Cash Budget. $(16$ marks$)$ INFORMATION The following budgeted information was made available by Jabu Enterprises: $1.$ A favourable bank balance of R$34000$ is expected on $28$ February $2024.2.$ Budgeted sales are as follows: February R$900000$ March R$1000000$ April R$1100000$ May R$12000003.$ Credit sales account for $40\%$ of the total sales. The balance of the sales is for cash and these sales are subject to a discount of $10\%.4.$ The amounts owed by debtors are normally collected as follows: $30\%$ is received in the month of the sale. $70\%$ is received in the month after the sale. $5.$ Sixty percent $(60\%)$ of the purchases of goods is for cash to take advantage of a $5\%$ discount and the balance is purchased on credit. Actual and budgeted purchases $($excluding any discounts$)$ are: January R$1000000$ February R$760000$ March R$660000$ April R$600000$ Creditors are paid two months after the purchase. $6.$ The monthly salary expense of R$400000$ is expected to increase by $12\%$ from $01$ April $2024.7.$ Interest on fixed deposit at $8\%$ per annum on the fixed deposit of R$360000$ is received monthly. $8.$ Advertising expenses are paid monthly and are estimated to be $5\%$ of the budgeted total sales $($excluding discounts$)$ of the following month. $9.$ The proprietor$$s drawings for March and April $2024$ are expected to be R$60000.$ Forty percent $(40\%)$ of this amount consists of trading goods and the rest is cash. $10.$ Other cash operating expenses are expected to increase by $5\%$ per month. Cash operating expenses for February $2024$ are expected to amount to R$20000.$