3 Question 12 (2 points) The following information relates to Chanel Company: 6 Month Sales January $30,000 February $40,000 March $50,000 Cash is collected from customers in the following pattern: 9 12 40% of sales collected in cash 30% of credit sales collected in month of sale 70% of credit sales collected in month following sale . 15 How much cash will be collected from customers in March? 18 $46,800 $45,800 $55,800 $50,000