An entity is preparing its cash budget, and the extract from its sales budget for the sames period is as follows: Month Sales revenue March $60,000 April $70,000 May $55,000 June $65,000 40% of the sales are expected to be for cash. Of its credit sales, 70% are expected to pay in the month after sales and take 2% of discount. 27% are expected to pay in the second month after the sale, and the remaining 3% are expected to be bad debts. What is the value of sames receipts to be shown on the cash budget for May?