QUESTION 2 Clay Corporation has projected sales and production in units for the second quarter of the coming year as follows: April $50,000 64,000 May $50,000 47,000 June $60,000 53,000 Sales (in dollars) Production (in units) Cash-related production costs are budgeted at $7 per unit produced. Of these production costs, 39% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses are paid in full in the month incurred and will amount to $97,000 per month. The accounts payable balance on March 31 totals $190,000, which will be paid in April. All units are sold on account for $14 each. Cash collections from sales are budgeted at 60% in the month of sale, 30% in the month following the month of sale, and the remaining 10% in the second month following the month of sale. Accounts receivable on April 1 totaled $500,000 ($90,000 from February's sales and $410,000 from March's sales) What were cash disbursements in May? Enter your answer as an integer, ignore the dollar sign