Western Company expects the following credit sales for the first five months of the year: January, $31,000; February, $46,000; March, $36,000; April, $42,000, May $46,000. Experience has shown that payment for the credit sales is received as follows: 60% in the month of sale, 25% in the first month after sale, 12% in the second month after sale, and the remainder is uncollectible. How much cash can Western Company expect to collect in March as a result of credit sales (current and past)?

rev: 10_31_2018_QC_CS-146261

Multiple Choice

• $21,600.

• $32,980.

• $36,000.

• $36,820.

• $37,800.