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 $$42,000$ and $$78,000,$ respectively. The company expects to collect $35\%$ of its credit sales in the month of the sale, $55\%$ in the following month, and $10\%$ is deemed uncollectible. What amount of cash collections from credit sales would the company include in its cash budget for the second month?

Multiple Choice

$$50,400$

$$42,900$

$$27,300$

$$58,200$