The following information pertains to sales of XYZ Company: Collections of sales are generally 20% in cash and 80% in credit. This means in the month of the sale 20% is paid in cash to XYZ and XYZ extends credit for the remaining 80% of the sales. The credits sales are collected as follows: * 30% in the month of the sale, * 60% in the month after the sale, * 6% two months after the sale, * 4% are never collected If the December sales are $10,500, what are the collections of credit sales in the month of January? O A. $8,400 OB. $10,500 O C. $2,100 OD. $5,040