The Johann's Professional Service Company expects 70% of sales for cash and 30% on credit. The company collects 80% of its credit sales in the month following sale, 15% in the second month following sale, and 5% are not collected (that is, they are "bad debts"). Expected sales for June, July, and August are $56,000, $62,000, and $52,000, respectively. What are the company's expected total cash receipts in August? $101,200. $72,200. $53,800. $58,000. $17,400.