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A company's history indicates that 25% of its sales are for cash and the rest are on credit. Collections on credit sales are 20% in

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A company's history indicates that 25% of its sales are for cash and the rest are on credit. Collections on credit sales are 20% in the month of the sale, 40% in the next month, 25% the following month, and 15% is uncollectible Projected sales for December, January, and February are $76,000, 5101,000 and 5111,000, respectively. The February expected cash receipts from current and prior credit sales is

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