Question 30 (2 points) The Matisse Company's sales are all on account. Thirty-five percent of the sales on account are collected in the month of sale, 45% in the month following the sale and the remainder are collected in the second month following the sale. Budgeted sales are $50,000 for January, $60,000 for February, $40,000 for March and $30,000 for April. What is the amount of cash that should be collected in March? 1) $24.000. 2) $41.000. 3) $37,000 4) $51,000