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Assume a merchandising company provides the following information from its master budget for the month of May: Cash balance, May 1 $ 20,000 Cash collections

Assume a merchandising company provides the following information from its master budget for the month of May:

Cash balance, May 1 $ 20,000
Cash collections from customers $ 80,000
Cash disbursements for merchandise purchases $ 35,000
Cash disbursements for selling and administrative expenses $ 40,000

Based solely on the information provided, what is the companys excess (deficiency) of cash available over disbursements at the end of May?

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