XYZ has the following data relating to the forecast sale of goods for the quarter to 31 December 20X2:

XYZ expects trade receivables to be settled as follows:

• 20% in the month of sale, by offering a settlement discount of 5%;

• 30% in the month following sale, and

• the remainder, after allowing for irrecoverable debts, in the subsequent month

$10,000 of the sales made in October 20X2 are expected to be irrecoverable

What is the forecast amount to be received by XYZ from trade receivables in December 20X2?