Larson, Inc., manufactures backpacks. Last year, it sold 105,000 of its basic model for $25 per unit. The company estimates that this volume represents a 30 percent share of the current market. The market is expected to increase by 10 percent next year. Marketing specialists have determined that as a result of new competition, the company's market share will fall to 25 percent (of this larger market). Due to changes in prices, the new price for the backpacks will be $22 per unit. This new price is expected to be in line with the competition and have no effect on the volume estimates. Required: Estimate Larson's sales revenues from this model of backpack for the coming year. Sales revenue Page Company makes 30% of its sales for cash and 70% on account. 60% of the account sales are collected in the month of sale, 20% in the month following sale, and 17% in the second month following sale. The remainder is uncollectible. The following information has been gathered for the current year: Month 2 | 3 $60,000 Total sales $70,000 $90,000 $40,000 Total cash receipts in Month 4 will be: O $35,910. O $47,910. $45,000. O $63,300