Coronation Ltd provided the following data: Sales of disinfectant wipes are 35% for cash and 65% on credit. Past cash collection history for its credit sales are as follows: 40% in the month of sale 60% in the month following the month of sale In January 2021, sales were $45,000 and February 2021 sales were $80,000. Projected sales for March 2021 are 3,500 wipes at $10 each. December 2020 sales were $30,000. What is the amount of accounts receivable outstanding at the end of January 2021? $27,000 $17,550 $27,450 $29.250