PIOLO Corporation, a merchandising company, has provided the following budget data: January February. March April May Purchases P42,000 48,000 36,000 54,000 60,000 Sales P72,000 66,000 60,000 78,000 66,000 Collections from customers are normally 70% in the month of sale, 20% in the month following the sale, and 9% in the second month following the sale. The balance is expected to be uncollectible. PIOLO pays for purchases in the month following the purchase. Cash disbursements for expenses other than merchandise purchases are expected to be P14,400 for May. PIOLO's cash balance at May 1 was 222,000. Compute the expected cash balance at May 31. USE THIS FORMAT P55,500