BarnBurner Music, a music publishing firm located in Tennessee, bills its clients on the first of the month. For example, any sale that it makes in the month of July it bills on August 1, with payment due on September 1. Clients traditionally pay as follows: 50% at the end of the first month, 40% at the end of the second month, and 8% at the end of the third month, 2% default on their bills. The dollar value of collected January billings in April is ____________.

First-Quarter Actual Billings			Second-Quarter Anticipated Billings
Jan.	Feb.	Mar.	Apr.	May	June
$88,000	$74,000	$96,000	$99,000	$82,000	$63,000

$7,040

$29,600

$5,920

$0.00