The following information pertains to Maginoo Co.:

Month Sales Purchases

January P130,000 P116,000

February P140,000 P120,000

March P150,000 P128,000

Cash collected from customers in the following manner:

Month of sale 30%

Month following the sale 70%

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 P115,000 per month (including P14,000 of depreciation). Both of these are paid in the month incurred.

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