QuesLIUH Q02. XX company has budgeted sales revenues as follows: 25 points Save As February January $55,000 75,000 March 90,000 April 80,000 60,000 June 35.000 If you know that all sales each month are on credit. Past experience indicates that collection of credit sales occurs as follows: 60% in the month of sale, 40% in the month The total cash receipt in February is: May