Can someone pls answer this with a complete solution? thankyou!

million principal at the end of 8. Diogenes Dy, the general manager of DG Stores, wants to find out if their company has enough cash to pay for a P6-million piece of property which may be the site of another branch. This is expected to be paid in the third quarter of 2016 should the company decide to buy it. He asked his chief accountant to prepare a cash budget. The following assumptions are used in the preparation a. of the cash budget Projected quarterly sales are as follows: First quarter P12 million Second quarter 15 million Third quarter 15 million Fourth quarter 18 million Seventy percent (70%) of the sales are collected in the quarter. The remaining 30% is paid the following quarter. Cost of sales is 75% of sales. Inventories are purchased in the same quarter sales were generated. Ninety percent of the purchases is paid within the quarter these purchases are made and the remaining 10% is paid the following quarter. Included in fixed operating expenses are salaries, rent, security which amount to P1 million for the first two quarters. The amount is expected to increase to P1.25 million starting third quarter. Variable operating ex- penses are 5% of sales. Interest payments amount to P200 000 per quarter. C. e