Markham Company has completed its sales budget for the first quarter of Year 2. Projected credit sales for the first four months of the year are shown below: January February March April $30,000 $36,000 $45,000 $48,000 The company's post records show collection of credit sales as follows: 30% in the month of sale and the balance in the following month. The total cash collection from receivables in March is expected to be Multiple Choice $45.000 $31.000 Help The company's past records show collection of credit sales as follows: 30% in the month of sale and the balance in the following month. The to collection from receivables in March is expected to be: Multiple Choice $45,000 O $31.000 542300 $38.700