Page Company makes 30% of its sales for cash and 70% on account. 60% of the account 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 the current year:

Month	1	2	3	4
Total sales	$60,000	$70,000	$50,000	$30,000

Total cash receipts in Month 4 will be:

$38,000.

$47,900.

$27,230.

$36,230.