Joseph Upholsterys aging of accounts receivable is as follows:

0-90 days	$150,000
91 days and over	64,000

Joseph needs $80,000 to purchase upholstery fabric at an exhibition next month. Ace Factoring has offered to purchase Josephs accounts receivable without recourse for

A 5% factors fee

15% reserve on the 0-90 days receivables

20% reserve on the 91 days and over receivables

Assume Joseph sells all of the receivables over 91 days to Ace Factoring. Approximately how much of the remaining receivables would Joseph have to sell to receive $80,000?

A.	$33,883
B.	$33,684
C.	$40,000
D.	$32,000