On August 5, 2021, Cullumber Furniture shipped 50 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set was $470 each. The cost of shipping the dining sets amounted to $4800 and was paid for by Cullumber Furniture. On December 30, 2021, the consignee reported the sale of 40 dining sets at $970 each. The consignee remitted payment for the amount due after deducting a 5% commission, advertising expense of $720, and installation and setup costs of $900. The amount cash received by Cullumber furniture is

$38800.

$36860.

$36140.

$35240.