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 $42,000 and $66,000. respectively. The company expects to collect 35% of its credit sales in the month of the sale and the remaining 65% 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 $50,400 $37,800 $23.100 $42.900