Assume a company is preparing a budget for its last quarter of operations (October, November and December) and all sales are on credit. It expects October credit sales of $32,000, $36,000 for November and $38,000 for December. The company also expects to collect 70% of its sales in the month of the sale and the remaining 30% in the following month. Accounts receivable from the prior quarter was budgeted for $8,000. What amount of cash collections from sales would the company include in its cash budget for December?

Group of answer choices

$34,800

$25,200

$37,400

$33,200