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 $79,000, $104,000 and $114,000, respectively. The February expected cash receipts from current and prior credit sales is: Multiple Choice $56,550 $67,950 $79,350 $28,050 $109,000