Alpha Company is preparing its cash budget for the month of May.The company estimated credit sales for May at $200,000. Actual credit sales for April were $150,000. Estimated collections in May for credit sales in May are 20%.Estimated collections in May for credit sales in April are 70%.Estimated Collections in May for credit sales prior to April are $12,000.Estimated write-offs in May for uncollectible credit sales are $8,000.Estimated provision for bad debts in May for credit sales in May are $7,000.What are the estimated cash receipts from accounts receivable collections in May?