Walter Enterprises expects its September sales to be 20% higher than its August sales of $155,000. Purchases were $105,000 in August and are expected to be $125,000 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: 20% in the month of purchase and 80% in the following month. The beginning cash balance on September 1 is $7,000. The ending cash balance on September 30 would be: Skipped 0 $23.750 0 $68,000 0 $56,850 0 $63,850. 0 $147.850