On October 1 of the current year, Molloy Corporation prepared a cash budget for October, November, and December. All of Molloy's sales are made on account. The following information was used in preparing estimated cash collections:

August sales (actual)$49,000

September sales (actual)$59,000

October sales (estimated)$29,000

November sales (estimated)$79,000

December sales (estimated)$69,000

Approximately 60% of all sales are collected in the month of the sale, 30% is collected in the following month, and 10% is collected in the month thereafter.

Budgeted collections from customers in October total:

Multiple Choice

• $35,100.
• $40,000.
• $137,000.
• $51,600.