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Question 2 Kaspar Industries expects credit sales for January, February, and March to be $204,200, $266,000, and $317,000, respectively. It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month. Compute cash collections from customers for each month. Collections from Customers Credit Sales January February March January $ 204,200 $ February March