Question 11 (2 points) Light Manufacturing Company has the following information for 2022: Month Budgeted sales January $76,000 February $85,000 March $92,000 April $79,000 Budgeted Monthly Expenses Wages $15,000 Advertising $12,000 Depreciation $3,000 Other expenses 4% of sales Note: All cash expenses are paid in the month incurred. Collection from sales are 50% in the month of sale and 50% in the month following sale. December 2021 sales were $110,000. 2 5 -8 What is the expected total cash collection in February? $80,500 $88,500 $89.000 $118,500