Eardale Corporation provided the following budgeted sales information: Month Sales January $180,000 February $190,000 March $175,000 April $110,000 May $248,000 The markup on the cost of products is 100% (meaning that sales are 200% of cost). Eardale desires to have ending inventory of 30% of the following months sales each month. All sales are on account. Customers pay 50% of their balances in the month of sale, 40% 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 4% discount on all amounts due. Cash payments for operating expenses in May will be $80,000; Eardale's cash balance on May 1 was $210,000. Required: Determine the following: Expected cash collections during May. Expected cash disbursements during May. Expected cash balance on May 31. Expected accounts receivable balance on May 31