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The following information was available from Metropolitan Corporation's books: Purchases Sales (Rs.) (Rs.) January 2006 42,000 72,000 February 2006 48,000 66,000 March 2006 36,000 60,000

The following information was available from Metropolitan Corporation's books:

Purchases Sales

(Rs.) (Rs.)

January 2006 42,000 72,000

February 2006 48,000 66,000

March 2006 36,000 60,000

April 2006 54,000 78,000

Collection from customers are normally 70% in the month of sales, 20% in the month following sales and 9% in the second month following sales. The balance is expected to be uncollectible. Metropolitan Corporation takes full advantage of 2% discount allowed on purchases while sales for May are forecasted at Rs. 66,000. Cash disbursement for to be Rs. 14,400 for the month of May. Metropolitan's cash balance at May 1 was Rs. 20,000.

a) 1st installment Cash Received

b) 2nd installment Cash Received

c) 3rd installment Cash Received

d) Total Cash inflow

e) Total Cash outflow

i) Closing Cash

PLEASE ANSWER ALL PARTS URGENTLY THANKS.

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