Thirty nine percent of Sharp Company's sales are for cash and 61% are on account. Sixty five percent of the account sales are collected in the month of sale, 20% in the month following sale, and 12% in the second month following sale. The remainder is uncollectible. The following are budgeted sales data for the company: Total Sales: January ($60,000), February ($50,000), March ($30,000) April ($40,000). Total cash receipts in March are expected to be:

1 point

$34,087

$35,390

$31,560

$43,500