Boone Co's sales, based on past experience, are 20% cash and 80% credit Credit sales are typically collected as follows: 40% in the month of sale, 50% in the month after the sale, and 10% in the second month following month of sale. On December 31, the accounts receivable balance is $76,500, of which $33,000 is from November sales. Total sales for January and February are budgeted to be $115,000 and $135,000, respectively What are Boone Co's budgeted cash receipts for February? Multiple Choice