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 February March April $36,000 $42,000 $51,000 $54,000 The company's past records show collection of credit sales as follows: 36% 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 $38,160 S45,240 o o o o $47760 551,000