Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales of $40,000 and $67,000, respectively. The company expects to collect 45% of its credit sales in the month of the sale and the remaining 55% in the following month. What is the expected cash collections from credit sales during the first month? 4 points Multiple Choice O $18,000 O $22,000 O $16,000 O $30.250