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 $40,000 and $67,000, respectively. The company expects to collect 45% of its credit sales in the month of the sale and the remaining 55% in the following month. What amount of cash collections from credit sales would the company include in its cash budget for the second month? Multiple Choice

A $48,150

B $52,150

C$36,850

D$30,150