Sales budget of ABC Company for fourth quarter of 2009 is given below:

Sales      October               November          December

                $96,000                 $72,000                 $108,000

Sales are 20% cash (20% of 108,000 is 21,600) and 80% credit (accounts receivable).

Collections on credit sales are given below:

50% in month of sale

30% in month following sales

15% in second month following sale

5 % uncollectible

Payments for inventory are 70% in month following purchase and 30% two months following purchase.

find out the cash collections for December.