Using the information below, what would July's total cash receipts be if July's sales are $30,000? December $12,000 January $15,000 February $10,000 March $15,000 April $25,000 May $15,000 June $20,000 $ 3,000 S 2.000 $ 3,000 $ 5,000 S 3,000 $ 4,000 Sales.. Collections: (20% of current sales) Collections: (80% of previous month's sales) Total cash receipts. 12,000 8,000 9,600 $12,600 12,000 $17,000 20,000 $23,000 12,000 $16,000 $14,000 $11,000 $6.000 $30,000 $22.000 $16,000