Perry Company has gathered the following information: April 30 cash balance : $20,000 Accounts payable May 31, balance:

Perry Company has gathered the following information:

April 30 cash balance : $20,000

Accounts payable May 31, balance: $60,000

Accounts receivable May 31 balance $45,000

Dividends Paid in May $24,000

Cash expenditures in May for operating expenses: $73,600

Ammortization Expense in May: $9,000

Cash collections in May: $178,000

Merchandise purchases paid in cash May: $112,400

Purchased equipment for cash in May: $35,000

Perry desires to keep a min cash balance of $20,000

1) What is the total cash available for Perry Company in May?2) What are the total cash disbursements for Perry Company in May??

3) What is the amount of interest owed on May 31?

4) What is the amount borred (or re-paid) on the loan in May?

5) What is the ending cash balance on May 31?

6) How much interest (if any), will be paid in June?