Thirty percent of sharp companys sales are for cash and 70% are on account. Sixty percent of the account sales are collected in the month of sale. 25% 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 ($60000), February ($50000), March ($30000), April ($40000), total cash receipts in march are expected to be

1. $31560
2. $35390
3. $43500
4. $33640