1. Thornock Enterprises produces and sells nail polishes at the wholesale level. Expected sales in cases for the first four months of 2015 are as follows: Sales In cases January 80,000 February 90,000 March April 110,000 85,000 Thornock has the following parameters for its budgeting process: Selling price is $35 per case. Sales are collected 40% in the month of sale and 60% in the month after sale. Ending inventory in each month is budgeted at 30% of next month's sales in units. A. What are cash collections in February? B. What are accounts receivable at the end of January