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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, 50% in the month after the sale, 20% in the second month after the sale and 10% is uncollectible. Projected sales for December, January, and February are $64,000,$89,000 and $99,000, respectively. The February expected cash receipts from current and prior credit sales is: $47,925 $57,825 $67,725 $24,113 $94,000

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