Merani Limited is formulating its master budget for the June quarter and presents the following data: Monthly sales data: February $34,000 March $43,000 April $39,000 May $52,000 June $65,000 Based on previous experience, these sales are expected to be collected as follows: 80% in the month of sale 15% in the month after sale 5% in the second month after sale Required Calculate, to the nearest dollar, the amount expected to be collected from customers in May