Kerch Enterprises was organized on July 1, 2019. Projected Sales for each of the first four months of operations are as follows: July August September October Sales (in dollars) $130,000 $150,000 $ 200,000 $160,000 The company expects to sell 20% of its merchandise for cash. Of sales on account, 30% are expected to be collected in the month of the sale, 50% in the month following the sale, and the remainder the following month. Question: Compute the total cash collections for September