The following details have been extracted from the accounts receivable records of PR Co.

Invoices paid in the month after sale 80%

Invoices paid in the second month after sale 10%

Invoices paid in the third month after sale 5%

Bad debts (irrecoverable debts) 5%

Invoices are issued on the last day of each month, and customers paying in the month after sale are entitled to deduct a 1% settlement discount.

Credit sales values for January to April are budgeted as follows.

January February March April

$35,000 $40,000 $60,000 $45,000 The amount budgeted to be received from credit sales in April is A $43,640 C $53,750 B $53,270 D $55,020