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