Q. 40 A companys 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, 25% the following month, and 5% is uncollectible. Projected sales for December, January, and February are $65,000, $85,000, and $95,000, respectively. The February expected cash receipts from all current and prior credit sales are

	a.	$61,200
	b.	$57,000
	c.	$66,400
	d.	$62,200