Markham Company has completed its sales budget for the first quarter of Year 2. Projected credit sales for the first four months of the year are shown belows The company's past records show colfection of credit sales as foliows: 40% in the month of sale and the balance in the following month. The total cash coliection from receivables in March is expected to be: Multiple Choice $22,920 $30,600 $36,000 $33,020