Walter Enterprises expects its September sales to be 20% higher than its August sales of $210,000. Purchases were $160,000 in August and are expected to be $180,000 in September. All sales are on credit and are collected as follows: 30% in the month of the sale and 70% in the following month. All merchandise purchases are on credit and are paid as follows: 20% in the month of purchase and 80% in the following month. The beginning cash balance on September 1 is $8,100. The ending cash balance on September 30 would be: Multiple Choice $27,100. $194,700. $58,600. $66,700