Parson Corporation, a wholesaler, provided the following information: Customers pay 65% of their balances in the month of sale, 25% 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 3% discount on all amounts due. Cash payments for operating expenses in May will be $128,000, Parson's cash balance on May 1 was $144,800. Required: A. Determine the expected cash collections during May. B. Determine the expected cosh disbursements during May. C. Determine the expected cash balance on May 31