Vleredith Company has completed its sales budget for the first quarter of 2014. Projected credit sales for the rst four months of the year are shown below: January $23 ,000 February $29,000 March $38 ,000 April $41,000 The company's past records show collection of credit sales as follows: 23% in the month of sale and the balance in the following month. The total cash collection from receivables in March is expected to be