A companys budgeted sales collection pattern is shown below. 70% of sales are collected in the month of sale, 20% in the month following sale, and 10% in the second month following sale. The remainder is uncollectible.

January February March April May June

Sales $60,000 $70,000 $50,000 $30,000 $40,000 $60,000

Total cash receipts in April would be budgeted to be:

$42,000

$44,000

$38,000

$40,000