August September October November December January February March Total Sales $ 500,000 $ 625,000 $ 750,000 $ 250,000 $ 125,000 $ 62,500 $ 187,500 $ 375,000 Credit sales $ 400,000 500,000 $ 600,000 200,000 100,000 $ 50,000 $ 150,000 $ 300,000 Leone expects credit sales will be fully collected over three months: Month of sales = 30.0%, 1st month after sale = 50.0%, and 2nd month after sale = 20%. NO uncollectible accounts are expected. Compute beginning accounts receivable for January. O $50,000 O $55,000 O $105,000 O $110,000 O None of the other answers are correct