Ballentine Company expects sales for June, July, and August of $68,000, $74,000, and $64,000, respectively. Experience suggests that 40% of sales are for cash and 60% are on credit. The company collects 60% of its credit sales in the month following sale, 35% in the second month following sale, and 5% are not collected. What are the company's expected cash receipts for August from its current and past sales? Multiple Choice $123,600. $40,920. $93,800. $66,520. $85,200