$4$

Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales of $$42,000$ and $$66,000,$ respectively. The company expects to collect $35\%$ of its credit sales in the month of the sale and the remaining $65\%$ in the following month. What is the expected cash collections from credit sales during the first month?

Multiple Choice

$$14,700$

$$27,300$

$$21,300$

$$42,250$