Hickory Furniture Company had the following costs paid during the month of May: Inventory Purchases $40,000; Advertising Costs $8,000; Delivery Costs $2,000. Hickory sold $32,000 of the inventory and has agreed to pay warranty expenses for its customers. These are expected to be $1,600 and occur evenly over the next four months (i.e., starting in June). What is the amount of Hickory's cash-basis expenses for the month of May?

a.		$33,600
b.		$42,400
c.		$50,000
d.		$51,600