Fenton Inc. has all credit sales. Fenton's accounts receivable payment experience is as follows: Percent paid in the month of sale Percent paid in the month after sale Percent paid in the second month after sale Fenton provided the following information on sales: September October November December (expected) $180,000 $200,000 $300,000 $400,000 What are the expected cash receipts in December? $360,000 $330,000 $200,000 $260,000 50% 30% 20%