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Geo Gas Fireplaces sells merchandise for both cash and on account. 20% of the company's total sales are cash sales and the remainder are on

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Geo Gas Fireplaces sells merchandise for both cash and on account. 20% of the company's total sales are cash sales and the remainder are on account. Geo Gas Fireplaces receives 10% of the sales on account in the month of the sale; 40% in the month following the sale; and the remainder in the following month. Projected sales for the first three month of the company's operations March, April and May are as follows: March $70,000 April $85,000 May $100,000 Determine cash collections for March. $12,600 $19,600 O $21,000 $17,600

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