Worton Distributing expects its September sales to be 25% higher than its August sales of $154,000. Purchases were $104,000 in August and are expected to be $124,000 in September. All sales are on credit and are expected to be collected as follows: 30% in the month of the sale and 70% in the following month. Purchases are paid 25% in the month of purchase and 75% in the following month. The cash balance on September 1 is $14,000. The ending cash balance on September 30 is estimated to be:

A $57,750

B $58,000

C $68,665

D $70,550

E $84,550