Question 4 Use the information provided below to prepare the following for January and February 2023: 4.1 Debtors Collection Schedule Cash Budget 4.2 INFORMATION The following information was provided by Intel Enterprises: 1. 2. 3. 4. 5. The bank balance on 31 December 2022 is expected to be R40 000 (unfavourable). Credit sales are expected to be as follows: December 2022 R576 000 * 65% in the following month January 2023 The rest is usually written off as bad debts. R540 000 Credit sales usually make up 40% of the total sales. Cash sales make up the balance. Cash customers receive a 10% discount. Credit sales are normally collected as follows: December 2022 * 30% in the month in which the transaction takes place, and these customers are entitled to a 5% discount. Budgeted purchases of inventory are as follows: R1 000 000 February 2023 January 2023 R648 000 R800 000 (4 marks) (16 marks) February 2023 R920 000