A company's history indicates that 30% 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, 25% the following month, and 5% is uncollectible. Projected sales for December, January, and February are $65,000 S90000 and $100,000, respectively. The February expected cash receipts from all current and prior credit sales Is: 0259:55 Multiple Choice Skipped $51,875 $56.875 $61,875 $22,750 $95,000