Page Company makes 30% of its sales for cash and 70% on account. 60% of the credit sales are collected in the month of sale, 25% in the month following sale, and 12% in the second month following sale. The remainder is uncollectible. The following information has been gathered for Page's first year of operations:

Month 1 2 3 4

Total sales $60,000 $70,000 $50,000 $30,000

Total cash receipts in Month 3 will be: