Your Company's sales are 40% 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 $60,000 $70,000 $50,000 $30,000 What are the total cash receipts in the April budget? $36,900 O $52,700 O $32,700 $24,900 $53,500