Pedro Company has completed its sales budget and has the following projected credit sales:$17$D$18$B$19$D$2002102223252627$Question $22$ of $353$ pointsSave Answer$ $40,000$$ $46,000$$ $55,000$$ $58,000$The company's past records show collection of credit sales as follows: $40\%$ in the month of sale and the balance in the following month. The total cash collection from receivables in March is expected to be:JanuaryFebruaryMarchApril $$55,000.$ $$51,400.$ $$49,600.$$$42,400.$