Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales of $40,000 and $67,000, respectively. The company expects to collect 45% of its credit sales in the month of the sale and the remaining 55% in the following month. What is the expected cash collections from credit sales during the first month?

a. $30.150

b. $52,150

c. $36,050

d. $49,150