QUESTION 3 Mercy's Enterprise. reports the following information from its sales account and sales budget: Sales January... February. Expected Sales: March.. April.. May... $110,000 103,000 $109,000 115,000 125,000 Cash sales are normally 30% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in May is: $125,000. $112,000. $118,000. $80,500. $111,600. 4 points Save Answer