Q21) Justin Company's budget includes the following credit sales for the current year: September, $36,000; October, $47,000; November, $41,000; December, $43,000. Experience has shown that payment for the credit sales is received as follows: 10% in the month of sale, 65% in the first month after sale, 23% in the second month after sale, and 2% is uncollectible. How much cash can Justin Company expect to collect in November as a result of current and past credit sales?

$40,330.

$45,730.

$42,930.

$31,530.

$41,000.