167 Wichita Industries' sales are 10% for cash and 90% on credit. Credit sales are collected as follows: 30% in the month of sale, 60% in the next month, and 10% in the following month. On December 31, the accounts receivable balance includes $28,000 from November sales and $49,000 from December sales. Assume that total sales for January and February are budgeted to be $66,000 and $132,000, respectively. What are the expected cash receipts for February from current and past sales? Skipped Multiple Choice 1 0 $42,640. 0 $91,480. 0 $58,640 0 $70,640. 0 $48,840