Renson Corporation, a Wholesaler, Provided the Following Information Customers Pay 60% of Their Balances in the Month of |

Renson Corporation, a wholesaler, provided the following information: $\begin{array} { | l | c | c | } \hline \underline {\text { Month }} & \begin{array} { c } \text { Merchandise } \\\underline {\text { Purchases }}\end{array} &\underline { \text { Sales } } \\\hline \text { January } & \$ 142,000 & \$ 172,000 \\\hline \text { February } & 148,000 & 166,000 \\\hline \text { March } & 136,000 & 165,000 \\\hline \text { April } & 154,000 & 178,000 \\\hline \text { May } & 160,000 & 166,000 \\\hline\end{array}$ Customers pay 60% of their balances in the month of sale, 30% in the month following sale, and 10% in the second month following sale. The company pays all invoices in the month following purchase and takes advantage of a 3% discount on all amounts due. Cash payments for operating expenses in May will be $119,500; Renson's cash balance on May 1 was $127,800.
Required:
Calculate the following:
A. Expected cash collections during May.
B. Expected cash disbursements during May.
C. Expected cash balance on May 31.