Grouper Inc. provided the following information: April Projected merchandise purchases $91,500 May $80,500 June $70,000 Grouper pays for 30% of merchandise purchases in the month of the purchase and 70% in the following month. General operating expenses are budgeted to be $30,500 per month of which depreciation is $3,700 of this amount. Grouper pays operating expenses in the month incurred. Grouper makes loan payments of $6,000 per month of which $600 is interest and the remainder is principal. Calculate budgeted cash disbursements for May. Total budgeted cash disbursements $