Worton Distributing expects its September sales to be 20% higher than its August sales of $161,000. Purchases were $111,000 in August and are expected to be $131,000 in September. All sales are on credit and are expected to be collected as follows: 40% in the month of the sale and 60% in the following month. Purchases are paid 20% in the month of purchase and 80% in the following month. The cash balance on September 1 is $21,000. The ending cash balance on September 30 is estimated to be:

Multiple Choice

$75,907.

$79,880.

$100,880.

$77,520.

$77,280