Use the following information for questions 5 and 6. Prince George's favorite toy is a wooden fire truck created by a small company in London, and given to him by his great-grandmother. Seeing an opportunity, a local business man has incorporated the Prince George Toy Company to wholesale the toy to retailers throughout the United Kingdom. He purchases the truck at $400 per unit and sells it at wholesale for $10.00 per toy. With the Christmas season coming up, the company expects the following pattern of sales into the new year: Sales Dollars Units September $8,000 800 October 12,000 1,200 November 18,000 1,800 December 14,000 1,400 January 6,000 600 Q5. Cash Receipts (5 marks) Cash sales are 20% of total sales. The remaining sales are made on credit. Historically, 32% of sales are collected in the month her the sale, and the remaining 48% are collected in the second month after the sale Calculate total cash receipts for November as well as December Monthly Cash Receipts November $18,000 Sales December $14.000 Collections of current sales Collections of prior month's sales Collections of sales 2 months earlier Total collections