PasolCompanyhasjustprepareditsmasterbudgetfortheyear2015.Someoftheinformationusedinthepreparationofsuch budgetisasfollows:

1. Budgetedsales: January P480,000

February 520,000

March 560,000

April 500,000

May 576,000

June 640,000

1. Twentypercentoftotalsalesiscashsales.Thecollectionspatternforthesalesoncreditisasfollows:

30%inthemonthof sale

40%inthemonthafterthemonthofsale

25%inthesecondmonthafterthemonthofsale

1. PasolCompany'sgrossmarginrateis60%ofsales.
2. Accountspayablearisingfrommerchandisepurchasesispaidforinthemonthfollowingthepurchase
3. Thecompanydesiresaninventoryattheendofeachmonthequalto30%ofthenextmonth'ssalesin units.
4. Thevariableoperatingexpenses(otherthancostofgoodssold)are10%ofsalesand arepaidforinthemonthfollowing thesale.
5. Theannualfixedoperatingexpensesare asfollows:

Depreciation	P336,000
Advertising	576,000
Insurance	144,000
Salaries	864,000
Propertytaxes	192,000

1. Allofthefixedoperatingexpensesareincurreduniformlythroughouttheyear.Cashfixedoperatingexpensesarepaid inthemonth of incurrence,except for:

• Insurance-paidquarterlyinJanuary, AprilandJuly
• Propertytaxes-paid twiceayearinAprilandOctober

1. ThebudgetedcashcollectionsinMarchforthesales madeinMarchis
2. ThebudgetedcashreceiptsforthemonthofApril is
3. ThebudgetedpurchasesofmerchandiseforFebruaryis
4. Thebudgetedcashdisbursementsforoperatingexpenses(otherthancostofgoodssold)duringthemonthofAprilis
5. ThebudgetedcashdisbursementstobemadeinAprilformerchandisepurchasesis
6. AssumethattheexpectedcashbalanceatthebeginningofAprilisP51,600.Howmuchisthebudgetedcashbalanceas of April 30?