sume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit es of $45,000 and $63,000, respectively. The company expects to collect 45% of its credit sales in the month of the sale, 50% in following month, and 5% is deemed uncollectible. What amount of cash collections from credit sales would the company ude in its cash budget for the second month? Multiple Choice $54,000 $31,500 O $28,350 O $50,850