Question 25 (4 points) Walking Shoes Inc, a manufacturer, reported the following information concerning its purchases from suppliers: Month Merchandise Purchases April S550,000 May S450,000 June 5630,000 The company pays sixty percent of all purchases in the month of purchase and the remainder the following month. When payments are made in the month of purchase a 3% discount is taken. Other cash payment include operating expenses of $ 25.000 per month, insurance payments of $3,000 in May and June.. Required: Prepare expected cash disbursements for May. (4 marks)