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) $ 50,000 September sales (actual) $ 60,000 October sales (estimated) $ 30,000 November sales (estimated) $ 80,000 December sales (estimated) $ 70,000 Approximately 65% of all sales are collected in the month of the sale, 20% is collected in the following month, and 15% is collected in the month thereafter. Budgeted collections from customers in October total:

Multiple Choice $49,500. $39,000. $31,500. $140,000.