Shalom Company wants to maintain a minimum monthly cash balance of P20,000. The budget for the first quarter showed an ending cash balance of P21,000. In April, expected cash receipts are P321,000, and budgeted expenses, including depreciation of P30,000, are expected to be P288,000. Amounts must be in whole numbers. Example: 88,000 or (88,000) Should Shalom Company enter into a financing agreement? Yes or No? Use the underlined words in capital letters as your choice. Shalom Company expects credit sales for April, May, and June to be P200,000, P260,000, and P300,000, respectively. It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month. Amounts must be in whole numbers. Example: 88,000 or (88,000) Calculate cash collections from customers for each month. APRIL Shalom Company's Manufacturing Overhead budget for the second quarter of 2023 includes: Budgeted variable overhead rate per direct labor hour P5 Budgeted monthly fixed overhead per month 191,000 Upon further review, you found the following details of the company's fixed overhead: Depreciation of factory equipment Factory taxes Depreciation of factory machines Factory supplies Factory rent Salaries of factory maintenance Salaries of plant managers 5,000 6,000 10,000 20,000 30,000 45,000 75,000 Amounts must be in whole numbers. Example: 88,000 or (88,000) What is the total budgeted overhead in April if the budgeted direct labor hours were 4,000?