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 $$40,000$ and $$61,000,$ respectively. The company expects to collect $30\%$ of its credit sales in the month of the sale and the remaining $70\%$ 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

$$42,700$

$$18,300$

$$46,300$

$$30,300$