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[The following information applies to the questions displayed below.]

On October 1 of the current year, Molloy Corporation prepared a cash budget for October, November, and December. All of Molloy's sales are made on account. The following information was used in preparing estimated cash collections:

August sales (actual)	$ 45,000
September sales (actual)	$ 55,000
October sales (estimated)	$ 25,000
November sales (estimated)	$ 75,000
December sales (estimated)	$ 65,000

Approximately 70% of all sales are collected in the month of the sale, 25% is collected in the following month, and 5% is collected in the month thereafter.

Budgeted collections from customers in October total:

Multiple Choice

• $125,000.

• $33,500.

• $31,250.

• $41,000.