The Johann's Professional Service Company expects 80% of sales for cash and 20% on credit. The company collects 75% of its credit sales in the month following sale, 20% 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 $54,000, $60,000, and $50,000, respectively. What are the company's expected total cash receipts in August? Multiple Choice $51,160. $103,200. $64.500. $55.800. O O $11,160