The Task Company is beginning operations in May 2020. They have budgeted May sales of $34,000, June sales of $40,000, July sales of $42,000, and August sales of $38,000. 10% of each month's sales will represent cash sales; 75% of the balance will be collected in the month following the sale, 17% the second month, 6% the third month, and the balance is bad debts.

What is the amount of cash to be collected in the month of August?

Select one:

a. $ 35,946

b. $ 43,740

c. $ 40,106

d. $ 39,746