Pina Colada Inc. provided the following information:AprilMayJuneProjected merchandise purchases$93,500$84,500$65,000. Pina Colada pays for 30% of merchandise purchases in the month of the purchase and 70% in the following month.. General operating expenses are budgeted to be $30,000 per month of which depreciation is $3,100 of this amount. Pina Colada pays operating expenses in the month incurred.. Pina Colada makes loan payments of $6,000 per month of which $650 is interest and the remainder is principal.Calculate budgeted cash disbursements for May.Total budgeted cash disbursements$