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Hello expert please help me with this question. I have screenshotted the drop down menu for the questions as well if applicable. The Tri Town

Hello expert please help me with this question. I have screenshotted the drop down menu for the questions as well if applicable.

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The Tri Town Antique Mall budgeted credit sales in the first quarter of 2021 to be as follows: Credit sales in December 2020 are expected to be $192,000. The company expects to collect 75 percent of a month's sales in the month of sale and 25 percent in the following month. Estimate cash receipts for each month of the first quarter of 2021. Credit sales in December 2020 are expected to be $192,000. The company expects to collect 75 percent of a month's sales in the month of sale and 25 percent in the following month. Estimate cash receipts for each month of the first quarter of 2021

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