Walter Enterprises expects its September sales to be 20% higher than its August sales of $185,000. Purchases were $135.000 in August and are expected to be $155,000 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 ate preld as follows: 25% in the month of purchase and 75% in the following month The beginning cash balance on September 115 $7600. The ending cash balance on September 30 would be: 025 Multiple Choice $268.00 57460 357950 565 550