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The Cookie Shop's purchases are equal to 6 2 percent of the following month's sales. The accounts payable period for purchases is 3 0 days

The Cookie Shop's purchases are equal to 62 percent of the following month's sales. The accounts payable period for purchases is 30 days while all other expenditures are paid in the month they are incurred. Assume each month has 30 days. The company has compiled the following information:
April May June
Sales $ 8,700 $ 9,000 $ 9,400
Other expenses 2,8252,8753,125
Interest and taxes 540550570
What are the company's total cash disbursements for May?
Multiple Choice
$9,523
$9,253
$8,819
$8,759
$9,005

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