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8 Hunt Company's sales, based on past experience, are 20% cash and 80% credit Credit sales are typically collected as follows: 40% in the month of sale, 50% in the month after the sale, and 10% in the second month following month of sale On December 31, the accounts receivable balance is $54,000, of which $12.000 is from November sales. Total sales for January and February are budgeted to be $100,000 and $120,000, respectively What are Hunt Company's budgeted cash receipts for January