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 $45,000 and $69,000, respectively. The company expects to collect 30% of its credit soles in the month of the sale and the remaining 70% in the following month. What amount of cash collections from credit sales would the company include in its cash budget for the second month? Multiple Choice $34,200 $52200 548,300 $20,700