Berlin Company collects its revenue from sales according to the following pattern:

Cash sales (% of Total Sales paid for in cash) 10%

Credit sales (% of Total Sales on credit): 90%

% of credit sales collected during the month of sale 30%

% of credit sales collected during the month following the month of sale 50%

% of credit sales collected during the second month following the month of sale 15%

If Sales Revenue was budgeted to be $30,000 in July, $50,000 in August and $35,000 in September, calculate the Accounts Receivable balance at the end of the third quarter.

Do not use dollar signs or commas in your answer.