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The following information pertains to Maginoo Co.: Month nuary Sales Purchases P116,000 P120,000 P150,000 P128,000 P130,000 FebruaryP140,000 March e Cash collected from customers in the

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The following information pertains to Maginoo Co.: Month nuary Sales Purchases P116,000 P120,000 P150,000 P128,000 P130,000 FebruaryP140,000 March e Cash collected from customers in the following manner: Month of sale Month followin 30% 70% the sale 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. Labor costs are 20% of sales. Other operating costs are P11 5,000 per month (including P14,000 of depreciation). Both of these are paid in the month incured. The cash balance on March 1 is P4,000. A minimum cash balance of P3,000 is required at the end of the month. Money can be borrowed in multiples of P1,000 Determine the following: 1. Total cash collected from customers in March 2. Total cash paid to suppliers in March 3. Total cash that will be disbursed for labor and operating costs in March 4. The ending cash balance for March

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