Your Company's sales are 60% 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?

Group of answer choices

$53,500

$51,800

$34,600

$21,800

$16,600