Mikhail Corporation has the following sales forecasts for the first three months of 2018: Janu $36,000; February 24,000; March 40,000. Sixty-five percent of sales are collected in the month of the sale and the remainder are collected in the following month. A/R balance (1/1/18) $16,000 Cash balance (1/1/18). 12,000 The minimum cash balance is $20,000. Cash can be borrowed in $1,000 increments from the local bank (assume no interest charge). How much cash would be collected in March from sales? ary A. $32,000 B. $58,400 C. $48,000 D. $34,400 ite nticinatrd cash intlows for the next quarter