Parson Corporation, a wholesaler, provided the following information: Customers pay 60% of their balances in the month of sale, 30% 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 $122,500; Parson's cash balance on May 1 was $133,800. Required: A. Determine the expected cash collections during May. B. Determine the expected cash disbursements during May. C. Determine the expected cash balance on May 31