Gilbert Industries provides the following information 1. The company expects its September sales to be 20% higher than its August sales of $150,000. All sales are on credit and are collected as follows: 30% in the month of sale, and 70% in the the following month. 2. Manufacturing costs were $100,000 in August and are expected to be $120,000 in September Cash payments for manufacturing costs are as follows: 20% in the month of production, and 80% the following month. 3. The beginning cash balance of September 1 is $7,500. Suppose SG&A cash disbursements in September are $32,000. What is the ending cash balance on Sept. 30? O $62,500 Os55,000 O $23,000 O $30,500