30% percent of Sharp Companys sales are for cash and 70% are on account. Sixty percent of the account sales are collected in the month of sale, 25% in the month following sale, and 15% in the second month following sale. Budgeted sales for the company is below: Month January February March April Total Sales $50,000 $60,000 $40,000 $30,000 Total cash receipts in April are expected to be:

• $24,640

• $35,200

• $31,560

• $34,900