Tim Tam Inc., a merchandising company, is considering opening a new distribution center on July 1, 20Y1. Budgeted sales for July, August and September are estimated to be $200,000, $300,000, and $450,000, respectively. The company expects to sell 30% of its merchandise for cash and the remainder on account. Of the sales on account, 60% are expected to be collected in the month of the sale and 40% in the month following the sale. Determine the expected cash collection in September.

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