Fernando Company developed the following data for the month of August:

1. August 1 cash balance P123,000.

2. Cash sales in August P800,000.

3. Credit sales for August are P300,000; for July P400,000; and for June P400,000. 70% of credit sales are collected in the month of sale, 15% in the following month, and 10% in the second month following the sale.

4. Purchases for July were P500,000 and for August are P400,000. One-fourth of purchases are paid in the month of purchase and the remaining three-quarters in the following month.

5. August salaries are P314,000, utilities are P32,200, and depreciation on the building and equipment is P100,000.

Required:

1. Anticipated cash receipts from accounts receivable in August.

2. Anticipated total cash available from all sources in August.

3. August cash payments for purchases made in July and August.

4. Anticipated cash balance on August 31.