ABC company has budgeted $100,000 of sales for January. Sales are 80% credit and 20% cash Credit sales are collected 50% in the month of sale and 50% in the month following the sale A/R at Dec 31 = $85,000 What are the cash collections for January? Select one: $145,000 $135,000 $105,000 none of these January February Inventory purchases budget in 12,000 15,000 units Each unit costs $5. ABC pays all inventory with cash when purchased. How much cash will be disbursed for inventory purchases in January and February? Select one: January $27,000; February $0 January $12,000 ; February $15,000 January $60,000 ; February $75,000 January $0; February $27,000