Pants Company is in the process of preparing its budget for next year. Cost of goods sold has been estimated at 65 percent of sales. Fabric purchases and payments are to be made during the month preceding the month of sale. Wages (production-related) are estimated at 20 percent of sales and are paid during the month of sale. Other operating costs amounting to 25 percent of sales are to be paid in the month following the month of sales. Additionally, a monthly lease payment of $5,000 is paid to Net World for computer services. Sales revenue is forecasted as follows:

Month	Sales
March	$150,000
April	$180,000
May	$235,000
June	$240,000
July	$250,000

Calculate the amount of budgeted cash disbursements for the month of May?

a. $253,000

b. $214,000

c. $197,000

d. $177,000