19 Assume a company is preparing a budget for its first two months of operations. During the first and second months expects credit sales of $40,000 and $77,000, respectively. The company expects to colect 30% of credit sales in the month of the sale, 65% in the following month, and 5% is deemed uncollectible. What amount of cash collections from credit sales would the company include in ts cash budget for the second mone 1960 0 0 $300 WOM 100