qUESTION $4(20$ Marks$)$ REQUIRED Use the information provided below to prepare the following for January and February $2026$: $4\mathrm{.}1$ Debtors Collection Schedule $(4$ Marks$)4\mathrm{.}2$ Cash Budget. $(16$ Marks$)$ INFORMATION The following information was supplied by Hingham Enterprises to assist with the preparation of the cash budget for January and February $2026$: $1.$Hingham Enterprises expects to have a favourable bank balance of R$100000$ on $31$ December $2025.2.$The monthly sales forecasts are as follows: $2025$ Units November $42000$ December $550002026$ Units January $45000$ February $320003.$The selling price is R$25$ per unit. All the goods produced each month are expected to be sold in the same month. Forty percent $(40\%)$ of the sales is on credit and the balance is for cash. Thirty percent $(30\%)$ of the cash sales are to informal vendors and are subject to a discount of $10\%.4.$Credit sales are usually collected as follows: $30\%$ in the month of sale, and these debtors receive a $5\%$ discount. $65\%$ in the month after the sale, and the rest is usually written off as bad debts. $5.$Manufacturing overheads are paid monthly. The estimated overheads for December $2025$ are R$70000.$ Overheads are expected to increase by $10\%$ each month thereafter. $6.$Labour costs amount to R$7$ per unit and are paid in the month in which they are incurred. Labour costs per unit are expected to increase by $8\%$ with effect from $01$ February $2026.7.$Materials cost R$8$ per unit $($excluding discounts$).$ Fifty percent $(50\%)$ of the materials is purchased for cash in order to take advantage of a $10\%$ cash discount. The balance is purchased on credit and the credit terms of $60$ days will be adhered to$.8.$R$300000$ is expected to be placed in an investment account on $01$ February $2026.$ Interest at $8\%$ per annum is receivable monthly, commencing February $2026.9.$Selling and administrative costs are paid monthly and are expected to total R$76300$ for February $2026,9\%$ higher than the costs for January $2026.$