Page Company makes 30% of its sales for cash and 70% on account. 60% of the credit sales are collected in the month of sale, 25% in the month following sale, and 12% in the second month following sale. The remainder is uncollectible. The following information has been gathered for the current year: 2 Month Total sales Total cash receipts in Month 4 will be: Multiple Choice $39,400. $50,600 1 $62,000 $28,840 2 $75,000 3 4 $52,000 $32,000

Page Company makes 30% of its sales for cash and 70% of account. 60% of the credit sales are collected in the month of sale. 25% in the month following sale, and 12% in the second month following sale. The remainder is uncollectible. The following information has been gathered for the current year Total cash recelpts in Month 4 will be: Multiple chrolice $32400 $50,600 $28840