Help Save & Exit Subm Wichita Industries' sales are 20% cash and 80% on credit. Credit sales are collected as follows: 40% in the month of sale, 50% in the next month, and 10% In the second following month. On December 31, the accounts receivable balance includes $31.000 from November sales and $36,000 from December sales. Assume that total sales for January are budgeted to be $69,000. What are the expected cash receipts for January from the current and past sales? Multiple Choice $35,880 $84,880 $68.980 $83,080