Gallonte Inc. began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for April, May, and June were $55,000, $75,000, and $65,000, respectively, what were the firm's budgeted collections for April?

Multiple Choice

• $16,500.

• $19,500.

• $55,500.

• $38,500.

• None of the answers is correct.