The Warrenburg Antique Mall budgeted credit sales in the first quarter of 2024 to be as shown. Credit sales in December 2023 are expected to be $200,000. The company expects to collect 70 percent of a month's sales in the month of sale and 30 percent in the following month. Estimate cash receipts for each month of the first quarter of 2024. 2023 2024 Dec. Jan. Feb. Mar. Budgeted credit sales $200,000 $160,000 $170,000 $182,000 Collection of sales from prior month A B C Collection of sales from this month D E F Total cash receipt G H I A: Answer B: C: D: E: F: G: H: 1: