The company pays for 80% of inventory purchases in the month of the purchase and 20% of inventory purchases in the month following the purchase. Otherwise, it pays for all selling and administrative costs in the month incurred. The company's customers pay for all products in the month they are purchased. The company had cash of $22,000, equipment of $36,000 and zero accounts payable on April 1st. Flag this Question Question 12 pts What amount of cash would appear in the company's balance sheet budget for May?