REQUIRED Use the information provided below to prepare the following for February and March 2025: 4.1 Debtors Collection Schedule (4 marks) 4.2 Cash Budget. (16 marks) INFORMATION The following budgeted information is available for 2025 and was provided by Questor Limited: 1. An unfavourable bank balance of R75 000 is expected on 31 January. 2. Seventy percent (70%) of the sales is for cash; the balance is on credit. Sales for January and February are expected to be R400 000 and R600 000 respectively. Sales are expected to increase by 10% during March 2025. Thirty percent (30%) of the credit sales are expected to be collected in the month of the sale for a cash discount of 5%. The remaining customers pay one month later. 3. Questor Limited sells its products at cost plus 100%. All goods that are sold each month are replaced in the same month. All purchases are on credit and creditors are paid in month after the purchase. 4. Salaries and wages cost R162 000 for March, after an increase of 8% takes effect from 01 March. 5. Rent expense costs R130 000 for 2025 and is payable monthly. The rental increases by 10% on 01 March each year. 6. Insurance costs R3 000 per month but will be paid in full for 2025 on 28 February to take advantage of a reduction of 10% in the premiums for the year. 7. Municipal rates are paid half-yearly in February and August. The annual rates are calculated at 6 cents per rand on the market value of the property. The market value of the property of Questor Limited is R4 000 000. 8. Monthly administration costs of R50 000 (excluding R20 000 for depreciation) are payable in the month in which they are incurred. 9. Advertising expenses are estimated to be 6% of the monthly sales and are paid one month in arrears. 10. Equipment with a cost price of R600 000 will be purchased during February. A deposit of R60 000 will be paid during February and the balance is payable in five equal monthly instalments commencing March. 11. A long-term loan of R300 000 at 15% per annum interest is to be raised on 01 March. A capital repayment of R12 000 and interest are payable monthly commencing 31 March.