Penny Company budgets sales of $65,000 for April, $135,000 for May, and $75,000 for June. In addition, sales are collected 50% in the month of the sale and 50% collected in the month following the sale. The April 1 balance in accounts receivable is $16,000 and will be paid in full during April What is the total expected amount of cash collections from sales for the month of April (show all calculations)