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 below: January $24,000 February March April $30,000 $39,000 $42,000 The company's past records show collection of credit sales as follows: 24% in the month of sale and the balance in the following month. The total cash collection from receivables in March is expected to be: Multiple Choice $39,000 $25,440 $36,840