XYZ Incorporated has raw materials purchases for March, April, and May budgeted at $70,000, $50,000, and $100,000, respectively. Based on past experience, XYZ expects that 65% of a months raw material purchases will be paid in the month of purchase and 35% in the month following the purchase. Budgeted cash disbursements in May from raw materials purchases by XYZ Incorporated will be: