2.. Sutan Company's sales are 30% in cash and 70% on credit. Sixty % of the credit sales are collected in the month of sale, 25% in the month following sale, and 12% in the second month following sale. The remainder are uncollectible. The following are budgeted sales data: Total Sales January February March $ 60,000 $ 70,000 $ 30,000 Total cash receipts in March would be: $ 30,000