Use the following information to answer questions 3.4 and 5: 18 Your company has reported the following monthly sales: 19 20 September $185.000 21 October $150,000 22 November $110.000 23 December $100,000 24 25 20% of the sales are on credit, the remainder are cash sales. 26 35% of the credit sales are collected in the month of the sale. 65% are collected the following month. 27 2035 of the credit sales are collected in the month of the sale 65 are collected the following month 20 The amount of cash for October are 39 5148.000 30 5120.000 58.000 3d $80.000 334 The amount of credit sales for November are: 34 10 537.000 35 b $30,000 361 $22,000 37 Id $20,000 38 5 Assume September credit sales are $37,000. The amount of these sales that will be collected in October is: $10,500 40 lb $12,950 41 c. $37,000 42 Id $24,050 39 a