Feeney Furniture prepared the following sales budget: Cash Sales Credit Sales Month $10,000 March $20,000 April $36,000 $16,000 |$42,000 $40,000 May $54,000 $48.000 June Credit collections are 15% two months following the sale, 50% in the month following the sale and 30% in the month of sale. The remaining 5 % is expected to be uncollectible. What are the total cash collections in May at Feeney Furniture? $65.900 $21,500 $63.500 $75,600