A company's history indicates that 30% of its sales are for cash and the rest are on credit. Collections on credit sales are 30% in the month of the sale 40% in the next month, 25% the following month, and 5% is uncollectible. Projected sales for December, January, and February are $62,000, $87,000 and $97000 respectively. The February expected cash receipts from all current and prior credit sales is Multiple Choice $50,730 $55,580 $60 430 $17,892 $73,600