Mascot Ascots, a retailer of collegiate neckwear, has completed the sales forecast for the coming year.

January		$40,000		July		$40,000
February		$29,000		August		$50,000
March		$35,000		September		$55,000
April		$40,000		October		$60,000
May		$59,000		November		$50,000
June		$31,000		December		$65,000

Mascot Ascots maintains an ending inventory level of 70 percent of the following months cost of goods sold. The companys cost of goods sold is 42 percent of sales. Assuming that Mascot Ascots pays for 42 percent of its purchases in the month of purchase and the remaining 58 percent in the month following the purchase, calculate the companys cash payments in October.