4 7.69 Carmen's Dress Delivery operates a mailorder business that sells clothes designed for frequent travelers. It had sales of $720,000 points in December. Because Carmen's Dress Delivery is in the mailorder business, all sales are made on account. The company expects a 22 percent drop in sales for January. The balance in the Accounts Receivable account on December 31 was $97,000 and is budgeted to be $73,500 as of January 31. Exercise 7-5A (Algo) Determining cash receipts from accounts receivable LO 7-2 References Reqmred 3. Determine the amount of cash Carmen's Dress Delivery expects to collect from accounts receivable during January