12. La Famiglia Pizzeria provided the following information for the month of October a. Sales are budgeted, to be P157,000. About 85% of sales are cash; the remainder are on account. b. La Famiglia expects that, on average, 70% of credit sales will be paid in the month of sale, and 28 will be paid in the following month c. Food and supplies purchases, all on account, are expected to be P116,000. La Famiglia pays 25% in the month of purchase and 75% in the month following purchase d. Most of the work is done by the owners, who typically withdraw P6,000 a month from the business as their salary. (Note: The P6,000 is a payment in total to the two owners, not per person