Question 4 Kokomo Retailers expects to make inventory purchases in the next quarter as follows: April $52,400 May 63,000 June 87,400 Prior experience has shown that 80 percent of a month's purchases are paid in the month of purchase and 20 percent are paid in the month following purchase. March purchases were $45,300. Estimate cash disbursements related to purchases for April, May, and June. April May June Cash disbursements for purchases Payment of March purchases Payment of April purchases Payment of May purchases Payment of June purchases