Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects cash sales of $$32,000$ and $$48,000,$ respectively. It also expects credit sales of $$58,000$ and $$68,000,$ respectively. The company expects to collect $60\%$ of its credit sales in the month of the sale, $35\%$ in the following month, and $5\%$ is deemed uncollectible. What amount of cash collections would appear in the company's cash budget for the first month?

Multiple Choice

$$66,800$

$$34,800$

$$82,800$

$$48,000$