Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects cash sales of $$32,000$ and $$35,500,$ respectively. It also expects credit sales of $$52,000$ and $$62,000.$ respectively. The company expects to collect $60\%$ of its credit sales in the month of the sale, $35\%$ in the following month, and $5\%$ is deemed uncollectible. What amount of cash collections would appear in the company's cash budget for the first month?

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