McDavid Company has completed its sales budget for the first quarter of 2007. Projected credit sales for the first four months of the year are shown here: January- $30,000; February- $36,000; March- $45,000; April- $48,000. The company's past records show collection of credit sales as follows: 30% in the month of sale and the balance in the following month. The total cash collection from receivables in March will be $38,700. How do you get this answer ($38,700)?