3 Question 15 (4 points) Listen 6 The Shocker Corporation's sales budget shows quarterly sales for the next year as follows: Quarter 1 Quarter 2 Quarter 3 Charter 10,000 Sales in units RODO 12,000 14.000 The sales price/unit-$10, and 80% of all sales are on credit and 20% are cash sales. If the company collects 40% of its credit sales in the current quarter and the remainder in the next quarter, how much cash is collected in quarter 3? $96,000 $100,800 $48,000 none of these $76,800