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A company's history indicates that 20% of its sales are for cash and the rest are on credit. Collections on credit sales are 20% in the month of the sale. 50% in the next month, 20% the following month, and 10% is uncollectible. Projected sales for December, January, and February are $78,000, $103,000 and $113,000, respectively. The February expected cash receipts from all current and prior credit sales is Multiple Choice 560460 O $71760 580.000 O $29.640 SO8000