Mollentine Company expects sales for June, July, and August of $68,000, $74,000, and $64,000, respectively. Experience suggests that 40% of sales are or cash and 60% are on credit. The company collects 60% of its credit sales in the month following sale, 35% in the second month following sale, and 5% are not collected What are the company's expected cash receipts for August from its current and past sales? Me Choice C $66.520 O $40.920 $123,000 O O $03,000 $85.300