Verna's makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 50% are collected in the first month after sale; and 20% are collected in the second month after sale. If sales for October, November, and December were $72,000, $62,000, and $52,000, respectively, what was the budgeted receivables balance on December 31?

$36,400.

$48,800.

$45,400.

$61,000.

Some other amount.