From the following data calculate the estimated cash received from total sales during the month of May. Total sales for April, $40 000; May, $18000. Cash sales are 60% of total sales and credit sales are 40% of total sales in each month.

Credit sales are normally settled in the following pattern: 20% in the month of sale and 80% in the month following the sale.

a.$12 240

b.$35 600

c.$25 040

d.$18 000

e.$34 000