How much would the ending cash 1 point balance be based on the above information? ABC is preparing its cash budget for the year. The following were gathered: Forecasted Beginning Cash Balance Sales (70% on credit) P 700,000 10,000,000 Collections from credit customers 6,500,000 Payments to suppliers 5,000,000 Salaries and other benefits paid to employees 500,000 Other cash expenses 700,000 Stock dividends to be distributed 400,000 Increase in share capital from issuance of new shares 3,000,000 Net Proceeds from issuance of new shares 3,250,000 Cash disbursement to purchase new equipment 700,000 Your answer