A $2012$ cash budget is being prepared for the purchase of Toyi, a merchandise item. Budgeted data are Cost of goods sold for $2012$ P$300,000$ Accounts payable $1/1/1220,000$ Inventory$1/1/1230,00012/31/1242,000$ Purchases will be made in twelve equal monthly amounts and paid for in the following month. What is the $2012$ budgeted cash payment for purchases of Toyi?

P$295,000$

P$300,000$

P$306,000$

P$312,000$