8 A company's history Indicates that 20% of its sales are for cash and the rest are on credit. Collections on credit sales are 20% In the month of the sale, 50% In the next month, and 20% the following month. Projected sales for January, February, and March are $75,000, $100,000 and $110,000, respectively. The March expected cash receipts from all current and prior credit sales Is: Multiple Choice O $58,600 O $80,600 O $69,600 O $87.000 $105,000