Question 1. The Von Pottasnevitch Company sells office products and for the most part has a regular group of customers and fairly predictable sales. Many of the companys customers are offered credit, while other clients do business on a cash basis. The companys monthly sales are consistently split between 10% cash business and 90% on credit. The credit sales are collected 50% in the same month of the sale and the remaining 50% is due the following month. Sales for the upcoming first quarter of the next year are estimated as follows:

January: $100,000

February: $200,000

March: $150,000

Calculate the expected cash collections for February. Please show the work.