ABC Company prepares the schedule of Collection from Customers on a quarterly basis. o 1. The January 1, 2020, cash balance is expected to be $50,000. The maintains a balance of at least $15,000. O 2. Total Sales during the year was $91,500. Quarterly sales were $20,000; $22,000 $22,500 and $27,000 respectively. 40% are collected in the quarter sold and 60% are collected in the following quarter. Accounts receivable of $60,000 at December 31, 2019, are expected to be collected in full in the first quarter of 2020. Short-term investments are expected to be sold for $2,000 cash in the first quarter The collections from Customers in the First Quarter is: A. 68,000 GB. 20,800 0.22,200 O D. 24.300