Everything Corporation $($a new company$)$ collects cash from its sales according to the following schedule:

$40\%$ in the month of sale

$60\%$ in the month following sale

All sales are on account, and there are no bad debts. The following sales are expected:

January $$50,000$

February $$60,000$

March $$70,000$

What is the expected balance of Accounts Receivable at the end of March?

Multiple Choice

$$42,000$