Question 15 (5 points) Robinson Inc. provided the following information: July March April May June Projected merchandise $82,000 $92,000 $78,000 $66,000 $73,000 purchases Robinson pays 40% of merchandise purchases in the month purchased and 60% in the following month. General operating expenses are budgeted to be $31,000 per month of which depreciation is $3,000 of this amount. Robinson pays operating expenses in the month incurred. Robinson make loan payments of $4,000 per month of which $450 is interest and the remainder is principal. Calculate budgeted cash disbursements for May