DG Building Supplies Ltd. prepared the following sales budget: Month Cash sales Credit sales April $30,000 $ 30,000 May 20,000 40,000 June 40,000 60,000 July 60,000 80,000 August 80,000 100,000 Collections of credit sales are 50% in the month of sale, 40% in the month following the sale, and 5% two months after the sale. The remaining 5% is expected to be uncollectable. Which one of the following represents the expected total cash collections in July? Spreadsheet Xlsx Available answer options Select only one option A $ 66,000 B $ 80,000 C $126,000 D $127,500