1. expected cash collection in December

2. Cost of December merchandise purchases

3. December cash disbursement for merchandise purchases.

4. Difference of cash available over disbursements for December.

. 19 - 27 DY Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: Sales are budgeted at P290,000 for November, P310,000 for December, and P210,000 for January Collections are expected to be 65% in the month of sale, 33% in the month following the sale, and 2% uncollectible. The cost of goods sold is 80% of sales. The company purchases 70% of its merchandise in the month prior to the month of sale and 30% in the month of sale. Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are P21,100. Monthly depreciation is P21,000.Ignore taxes. . . . Statement of Financial Position October 31 Assets: Cash Accounts receivable (net of allowance for uncollectible accounts) Inventory Property, plant and equipment (net of P624,000 accumulated depreciation) Total assets Liabilities and Stockholders' Equity: Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity P 25,000 77,000 162,400 1,026,000 P1,290,400 P 239,000 740,000 311,400 P1.290,400