Week 5: Quiz i Saved Help Save & Exit Submit 5 Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales of $40,000 and $61,000, respectively. The company expects to collect 30% of its credit sales in the month of the sale and the remaining 70% in the following month. What amount of cash collections from credit sales would the company include in its cash budget for the second month? 4 points Multiple Choice O $18,300 O $46,300 O $42,700 O $30,300