Company A had sales of $20,000 and $18,000 in January and February this year, respectively. In December of the prior year, company A had s. of $22,000. If Company A does all sales on credit and receives 60% in month of sales and 30% the month after the sale. What is the amount cash collection for January of the current year? O $17.500 O $12,000 O $18,600 O $20,000

Company A had sales of $20,000 and $18,000 in January and Februar this year, respectively. In December of the prior year, company A had s of $22,000. If Company A does all sales on credit and receives 60% in month of sales and 30% the month after the sale. What is the amount cash collection for January of the current year? $17,500 $12,000 $18,600 $20,000 Company A had sales of $20,000 and $18,000 in January and February of this year, respectively. In December of the prior year, company A had sales of $22,000. If Company A does all sales on credit and receives 60% in the month of sales and 30% the month after the sale. What is the amount of cash collection for January of the current year? $17.500 $12,000 $18,600 $20,000