Use the following information to answer questions 6-7 ABC Company estimates that 80 percent of its customers will pay their bills in time to take advantage of the 2/10, 1/30 terms it offers. ABC believes that the other 20 percent of customers will pay their bills in the month following the sale. January sales are estimated at $350,000 and the beginning balance of accounts receivable is $40,000 6. What are the estimated cash receipts in January from January sales? $314,400 b. $305,760 $280,000 d. $274,400 a. c. a. 7. What is the estimated sales discount in January from January sales? $5,600 b. $6,240 $6,400 d. $7,000 c