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Problem 1. The following pertains to the financial records of SinoTrump Company: Month Sales Purchases January P30,000 P16,000 February P40,000 P20,000 March P50,000 P28,000 Additional information: a. Cash is collected from customers in the following manner: Month of sale 30% Month following the sale 70%% b. 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. c. Labor costs are 20% of sales. Other operating cost are P15,000 per month (including P4,000 depreciation expense). Both of these are paid in the month incurred. d. The cash balance on March 1 is P4,000. A minimum cash balance of P3,000 is required at the end of the month. e. A standby credit is available and money can be borrowed in multiples of P1,000. Requirements: 1. Cash collections from customers in March. 2. Cash paid to suppliers in March. 3. Total cash disbursement in March. 4. Ending cash balance for March