Handbags Inc, a manufacturer, reported the following information concerning its purchases from suppliers: Month April May June Merchandise Purchases $450,000 $250.000 $230,000 The company pays sixty percent of all purchases in the month of purchase and the remainder the following month. When payments are made in the month of purchase a 3% discount is taken. Other cash payment include operating expenses of $ 25,000 per month, insurance payments of $3,000 in April and June.. Required: Prepare expected cash disbursements for May. (4 marks)