For the year 2021 AMS Company expects to generate sales of P50,000 in January, P40,000 in February, and P40,000 in March. The sales transaction is assumed to be 50% cash for the same month of the transaction, and 50% to be received one month after the transaction. For the same period, the company expects to purchase inventories amounting to P20,000 in January, P30,000 in February, and P20,000 in March. The inventories were acquired on a cash basis. Construct a simple cash budget. How much are the total cash receipts for February? P35,000 P25,000 P40,000 P45,000