Your Company's sales are 25% in cash and the rest on credit. Fifty percent of the credit sales are collected in the month of sale, 25% in the month following sale, and 20% in the second month following sale. The remainder are uncollectible. The following are budgeted sales data:

			January	February	March	April
Total sales		$70,000		$80,000	$50,000		$40,000

What are the total cash receipts in the April budget?

Group of answer choices

$38,375

$46,375

$51,375

$36,375