Walter Enterprises expe September sales to be 25% higher than its August sales of $230,000. Purchases were $180,000 in August and are expected to be $200,000 in September All sales are on credit and are collected as follows: 35% in the month of the sale and 65% in the following month. Merchandise purchases are paid as follows: 25% in the month of purchase and 75% in the following month. The beginning cash balance on September 1 is $8,500. The ending cash balance on September 30 would be: Multiple Choice $73,625 0 0 0 0 Ruiz Co.'s budget includes the following credit sales for the current year: September, $149,000; October, $140,000; November, S124,000; December, S161,000. Credit l r clletd follows: 10% in the month of sale, 60% in the first month after sale, and 30% in the second month after sale. How much cash can the company expect to collect in December as a result of current and past credit sales? Multiple Choice o $132.500. o $16,100. o S16,400. o O S90,500. o O s161,000