Answer all 5 questions

Home Corporation will open a new store on January 1. Based on experience from its other retail outlets, Home Corporation is making the following sales projections: January February March April Cash SalesCredit Sales $45,600 $58,000 $63,200 $93,200 $78,200 $33,600 $44,400 $44,200 the credit sales be collected in the month following the month of sale, with the balance colected in the sec d m Home Corporation estimates that 70% o following the month of sale. Based on these data, the balance in accounts receivable on January 31 will be: O $65,840 O $45.600 O $13,680 O $31920