Walking Shoes Inc , a manufacturer, reported the following information concerning its purchases from suppliers: Month Merchandise Purchases April $550,000 May $450,000 June $630,000 The company pays sixty percent of all purchases in the month of purchase and the remainder the following month. When payments are made in the month of purchase a 3% discount is taken. Other cash payment include operating expenses of $ 25,000 per month, insurance payments of $3,000 in May and June.

Prepare expected cash disbursements for May