All of Gaylord Corporation's sales are on account. Thirty-five percent of the sales on account are collected in the month of sale, 45% in the month following sale, and the remainder are collected in the second month following sale. The following are budgeted sales data for the company January $50,000 February $68,888 March $40,000 April Total sales $30,000 What is the amount of cash that should be collected in March? Multiple Choice $24,000 $37,000 $41,000 $51.000