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7. (8 Points) A company has cash sales of $20,000 each month and has credit sales as follows: January February March April $69,000 $ 47,000 $73,000 $52,000 Normally, 15% of credit sales are collected in the month of the sale, 55% are collected the month following the sale, and 38% is collected the second moth following the sale. Cash receipts from customers during April is expected to be: a. $85,810 b. $47,950 C. $65,960 d. $66,960