Information on the actual sales and inventory purchases of the Aricent Company for the first quarter follow:

	Inventory Sales	Purchases
January	$120,000	$60,000
February	100,000	78,000
March	120,000	90,000

Collections from Aricent Company's customers are normally 60% in the month of sale, 30% in the month following sale, and 8% in the second month following sale. The balance is uncollectible. Aricent Company takes full advantage of the 2% discount allowed on purchases paid for by the end of the following month. The company expects sales in April of $150,000 and inventory purchases of $100,000. Operating expenses for the month of April are expected to be $38,000, of which $15,000 is salaries and $15,000 is depreciation. The remaining operating expenses are variable with respect to the amount of sales in dollars. Those operating expenses requiring a cash outlay are paid for during the month incurred. Aricent Company's cash balance on March 1 was $43,000, and on April 1 remained at $43,000. What would be the expected cash balance on April 30?

		$19,700.
		$28,700.
		$54,700.
		$65,800.