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Save An QUESTION 26 3 points Assume a merchandising company provides the following information from its master budget for the month of May: Cash balance,

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Save An QUESTION 26 3 points Assume a merchandising company provides the following information from its master budget for the month of May: Cash balance, May 1 Cash collections from customers Cash disbursements for merchandise purchases Cash disbursements for selling and administrative expenses Depreciation included in the selling and administrative expense budget $ 20,000 $ 80,000 $ 35,000 $ 40,000 $ 5,000 Based solely on the information provided, what is the company's excess (deficiency) of cash available over disbursements at the end of May? $15,000 $30,000 $25,000 $20,000

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