Avayai Inc. provided the following information: April May June Projected merchandise purchases $91,000 $80,500 $65,500 . Ayayai pays for 40% of merchandise purchases in the month of the purchase and 60% in the following month. General operating expenses are budgeted to be $33/500 per month of which depreciation is $3,100 of this amount. Ayayai pays operating expenses in the month incurred. Ayayai makes loan payments of $4,000 per month of which $500 is interest and the remainder is principal . Calculate budgeted cash disbursements for May Total budgeted cash disbursements $