Ballentine Company expects sales for June, July, and August of $67,000, $73,000, and $63,000, respectively. Experience suggests that 40% of sales are for cash and 60% are on credit. The company collects 55% of its credit sales in the month following sale, 40% in the second month following sale, and 5% are not collected. What are the company's expected cash receipts for August from its current and past sales?

• $92,150.

• $84,000.

• $40,170.

• $121,800.

• $65,370.