February ABC company has budgeted the following sales. January Sales (on Income statement) $100,000 Sales are 0% credit and 100% cash A/R at Dec 31 = $0 (because ABC sells for cash only) What are the cash collections for January and February? $200,000 Select one: o $100,000 for January and $200,000 for February none of the answers is correct O $0 for January and $300,000 for February O $300,000 for January and $0 for February Clear my choice