#4 (8 Marks) Credit Cards The ABC Company has $8,500,000 in sales. 25% of these are collected in cash and 75% are from credit cards. If the credit card company charges 5% and 40% of the credit cards are collected in the current month: 1. What is the total cash sales in the current month? (1 mark) 2. What is the total amount on credit cards for the current month? (2 marks) 3. What is the total amount of credit card fees in the current month? (1 mark) 4. What is the total amount of credit cards receivable? (2 marks) 5. What is the total amount of credit card fees on the credit cards receivable? (2 marks)