Markham Company has completed its sales budget for the first quarter of Year 2. Projected credit sales for the first four months of the year are shown below:

January	$ 29,000
February	$ 35,000
March	$ 44,000
April	$ 47,000

The company's past records show collection of credit sales as follows: 40% in the month of sale and the balance in the following month. The total cash collection from receivables in March is expected to be

$38,600.

• $44,000.
• $41,390.
• $30,740.