State hospital. Presently, his income and expenses are as follows:

\begin{tabular}{|l|r|}
\hline
\multicolumn{1}{l|}{} & January 20.9 \\
\hline
CASH RECEIPTS & 30,000 \\
\hline
Salary & 1,400 \\
\hline
Interest income & 31,400 \\
\hline
\multicolumn{1}{|c|}{Total receipts [A]} & 104,000 \\
\hline
CASH PAYMENTS & 500 \\
\hline
Household expenses & 3,450 \\
\hline
School fees & 1,300 \\
\hline
Lease payment for car & 2,000 \\
\hline
Medical aid & 3,300 \\
\hline
Pension fund & 5,600 \\
\hline
Insurance & 2,650 \\
\hline
Bond repayment & 4,850 \\
\hline
\multicolumn{1}{|c|}{Total payments [B]} & 124,000 \\
\hline
\end{tabular}

He is tired of the long working hours and often finds the job frustrating. He feels that he would have better control over his time if he goes into private practice. He also expects to make more money as a private doctor. He resigned from his job and expects to start his own practice in February 20.9. His plans are as follows:

- Dr. Dougal will rent premises for his surgery. He expects to pay R6,000 per month. When conditions improve later in the year, he hopes to buy his own property.
- In March, he expects to be paid a lump sum benefit of R350,000 from his past employer (Dept. of Health). In this month, he will use these funds as follows:
- R300,000 to settle the bond amount;
- R30,000 to pay for equipment for his surgery. Additional equipment will be purchased on credit during April - a monthly payment of R2,000 will take effect from April.
- The balance will be used to cover expenses.
- He expects to earn R20,000 in February, R30,000 in March, and R40,000 in April.