Duke Company has the following information:

Month	Budgeted Purchases
January	$26,800
February	29,000
March	30,520
April	29,480
May	27,680

Purchases are paid as follows:

10% in the month of purchase

50% one month after purchase

40% two months after purchase

What is the estimated cash disbursement for purchases in May?

Select one:

a. $25,632

b. $29,716

c. $13,840

d. $27,680