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Served Help Save A E A company's history indicates that 20% of its sales are for cash and the rest are on credit. Collections on

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Served Help Save A E A company's 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 $60,000, 585,000 and $95,000, respectively. The February expected cash receipts from all current and prior credit sales is: Multiple Choice $80750 $57,000 $90,250 O $61,200 O $66,400

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