Assume a merchandising company provides the following information from its master budget for the month of May Cash balance, May 1 Cash collections from customers Cash disbursements for merchandise purchases Cash disbursements for selling and administrative expenses Depreciation included in the selling and administrative expense budget $20,000 $80,000 $35,000 $40,000 $ 5,000 Based solely on the information provided, what is the company's excess (deficiency) of cash available over disbursements at the end of May Multiple Choice $30,000 $15 000 525000 $20,000