Recto Company is preparing its cash budget for the month ending November 30, 2009. The following information pertains to Rectos past collection experience from its credit sales:

Current months sales 12%

Prior months sales 75%

Sales two months prior to current month 6%

Sales three months prior to current month 4%

Cash discount( 2/30, net 90) 2%

Doubtful accounts 1%

Credit sales:

November estimated P200,000

October 180,000

September 160,000

August 190,000

How much is the estimated credit to accounts receivable as a result of collections expected during November?