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Sheffield Inc. provided the following information: Sheffield pays for 3 0 % of merchandise purchases in the month of the purchase and 7 0 %

Sheffield Inc. provided the following information:
Sheffield pays for 30% of merchandise purchases in the month of the purchase and 70% in the following month.
General operating expenses are budgeted to be $32,000 per month of which depreciation is $3,800 of this amount. Sheffield
pays operating expenses in the month incurred.
Sheffield makes loan payments of $6,000 per month of which $550 is interest and the remainder is
Calculate budgeted cash disbursements for May.
Total budgeted cash disbursements $
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