(TCO 7) JKL Company expects the following sales and collection pattern for the indicated four months of the year:

Month	Cash Sales	Credit Sales	Total Sales
June	$42,000	$82,000	$124,000
July	$36,000	$78,000	$114,000
August	$41,000	$80,000	$121,000
September	$38,000	$83,000	$121,000

8% of credit sales are collected in the same month 72% of sales are collected in the following month 15% of sales are collected in the second following month What are the projected cash collections for the month of September?

A)

$75,940

B)

$113,940

C)

$118,090

D)

$122,090