5 pts Question 11 ABC Farm is preparing a collection budget for the year. Sales are expected to be P100,000 in January; P200,000 in February; and P300,000 in March. Approximately 60% of the sale is collected during the month of sale and the other 40% is collected in the following month. What is the collection for March? 1. P 200,000 2. P 240,000 3. P 260,000 4. P 300,000 O 1 O2 O 3 04 5 pts Question 12 ABC Farm is preparing a collection budget for the year. Sales are expected to be P100,000 in January; P200,000 in February; and P300,000 in March. Approximately 60% of the sale is collected during the month of sale and the other 40% is collected in the following month. What is the beginning accounts receivable balance of March? 1. P 80,000 2. P120,000 3. P180,000 4. P200,000 01 O2 O 3 o 4