14. Pardee Company makes 30% of its sales for cash and 70% on account. 60% of the account sales are collected in the month of sale, 25% in the month following sale, and 12% in the second month following sale. The remainder is uncollectible. The following information has been gathered for Pardee's first year of operations:

Total Sales

Month 1: $60,000

Month 2: $70,000

Month 3: $50,000

Month 4: $30,000

Total cash receipts in Month 3 will be:

answer choices

$50,000.

$53,290.

$52,200.

$51,510.