ABC company's sales are 30% in cash and 70% on credit. 60% of the credit sales are collected in the month of sale, 25% the following month and 12% in the second month following sale. the remainder are uncollectible. The following are budgeted sales data: Jan 60,000 Feb 70,000 March 50,000 April 30,000 Total cash receipts in april would be budgeted to be? $27,230 $38,900 $47,900 or $36,230