Parson Corporation, a wholesaler, provided the following information: Month January February March April May Merchandise Purchases 156,000 162,000 150,000 168,000 174,000 Sales 200,000 194,000 193,000 206,000 194,000 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 $126,500; Parson's cash balance on May 1 was $141,800. 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. A Cash collections B. Cash disbursements C. Cash balance