Marcel Company projects the following sales for the first three months of the year: $12,400 in January; $11,600 in February; and $16,300 in March. The company expects 60% of the sales to be cash and the remainder on the account. Sales on the account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar.