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 $48,000 and $72,000, respectlvely. The company expects to collect 60% of its credit sales in the month of the sale and the remaining 40% 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 $43,200 $28,800 $72,000 $62,400