Pardee Company makes all of its sales on account. 50% of the sales are collected in the month of sale, 35% 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 Total sales 1$60,0002$70,0003$50,0004$30,000 Total cash receipts in Month 4 will be: Multiple Choice $46,000. $37,900. $27,230. $38,900. $40,900