on 7 + red The Credit Sales for the next three months (January to March) been estimated as $ 40,000, $ 50,000, and $ 60,000 respectively. The company credit policies state that 50% of credit sales would be collected in the same month and the remaining in the second month of sales. What is the total credit sales collections to be reported for the first quarter in next year's Cash budget? out of question V O a. $ 120,000 O b. $ 40,000 Oc$ 150,000 Od $30,000