Pecan Company Had March Sales and Purchases of $63,000 and $47,000

Multiple Choice

Pecan Company had March sales and purchases of $63,000 and $47,000 respectively.The company expects April sales to increase 12% above March sales and purchases to stay consistent with March amounts.Twenty percent of the company's sales are for cash.Credit sales are collected 20% in the month of the sale and 80% in the following month.All purchases are paid for in the month following the purchase.The beginning cash balance on April 1 is $42,000.What is Pecan Company's expected cash balance on April 30?

A) $46,609.60
B) $105,880.00
C) $70,801.60
D) $60,721.60
E) $49,432.00.