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Fonsey Corporation, a merchandising company, has provided the followina hundne + : Collections from customers are normally 59% in the month of sale, 16% in the month following the sale, and 22% in the second month following the sale. It is expectec that the balance be uncollectible. Fonsey pays for purchases in the month following the purchase. Cash disbursements for expenses other than merchandise purchases are expected to be $13,900 for May. Fonsey's cash balance on May 1 was $28,500. Required: 1. Compute the expected cash collections during May. 2. Compute the expected cash balance on May 31