The following data was available from Mateo Corporation's books: 2015 Purchases January 42,000 February 48,000 March 36,000 April 54,000 Sales 72,000 66,000 60,000 78,000 Collections from customers are normally 70% in the month of sale, 20% in the month following sales and 9% in the second month following sale and balance is uncollectible. Mateo takes full advantage of the 2% discount allowed on purchases paid for by the tenth of the following month. Purchases for May are budgeted at 60,000 while sales for May are forecasted at 66,000. Cash disbursements for expenses are expected to be 14,400 for the month of May. Mateo's cash balance at May 1 was 22,000. Required: Prepare the following schedules: a. Expected cash collections in May. b. Expected cash disbursements in May. c. Expected cash balance at May 31