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	$	20,000
February	$	26,000
March	$	35,000
April	$	38,000

The company's past records show collection of credit sales as follows: 35% 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

$29,150.

$35,000.

$22,100.

$31,850.