Cloudy Company had the following historical collection pattern for its credit sales:

$70\%$ collected in the month of sale

$15\%$ collected in the first month after month of sale

$9\%$ collected in the second month after month of sale

$5\%$ collected in the third month after month of sale

$1\%$ uncollectible

The sales on open account $($credit sales$)$ have been budgeted for the last six months of the year as shown below:

July $ $91,000$

August $ $103,000$

September $ $115,000$

October $ $127,000$

November $ $139,000$

December $ $121,000$

The estimated cash collection by Cloudy Company during August from July and August credit sales is:

Multiple Choice

$$101,850.$

$$94,760.$

$$104,140.$

$$63,700.$

$$85,750.$