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Question 29 1 pts Ballentine Company expects sales for June, July, and August of $61,000, 567.000 and $57.000 respectively. Experience suggests that 40% of sales are for cash and 6036 are on credit. The company collects 55% of its credit sales in the month following the initial credit sale, 40% in the second month following the initial credit sale and 5% of its credit sales are never collected. What are the company's expected cash receipts for August from its current and past sales? Note: this question is asking for you to calculate the expected cash receipts for BOTH credit AND cash sales. $111.000 576,300 $84050. $59.550 $36,750. Question 30