The Professional Service Company expects 75% of sales for cash and 25% on credit. The company collects 70% of its credit sales in the month following sale, 20% in the sec and 10% are not collected (that is, they are "bad debts"). Expected sales for June, July, and August are $58,000, $64,000, and $54,000, respectively. What are the company's in August? Multiple Choice $56,400. $54,600. $14,100. O $107,500. $74,900