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Acme Corporation, a wholesaler, provided the following information:

Acme Corporation, a wholesaler, provided the following information:
Month                            Merchandise Purchases            Sales
January                             $142,000                        $172,000
February                             148,000                          166,000
March                                 136,000                          160,000
April                                   154,000                          178,000
May                                    160,000                          166,000
Customers pay 70% of their balances in the month of sale, 20% in the month following sale, and 10% in the second month following sale.  The company pays all invoices in the month following purchase and takes advantage of a 2% discount on all amounts due.  Cash payments for operating expenses in May will be $114,400; Quaker's cash balance on May 1 was $122,000.
Determine the following:
A. Expected cash collections during May.
B. Expected cash disbursements during May.
C. Expected cash balance on May 31.
I cannot see how to work backwards on this problem because the cash balance given is for the final month and no begining cash balance is given.

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