Please help with the following

Fardale Corporation provided the following budgeted sales information:

MonthSales

January$195,000

February$210,000

March$183,000

April$111,000

May$252,000

The markup on the cost of products is 50% (meaning that sales are 150% of cost). Fardale desires to have ending inventory of 40% of the following months sales each month.

All sales are on account.Customers pay 40% of their balances in the month of sale, 50% 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 4% discount on all amounts due. Cash payments for operating expenses in May will be $70,000; Fardale's cash balance on May 1 was $215,000.

Required:

Determine the following:

Expected cash collections during May.

Expected cash disbursements during May.

Expected cash balance on May 31.

Expected accounts receivable balance on May 31.