Wichita industries' sales are 10% cash and 90% on credit. Credit sales are collected as follows: 40% in the month of sale, 50% in the month following the sale, and 10% in the second month following the sale. On December 31 , the accounts receivable balance includes $22,000 from November sales and $33,000 from December soles. Assume that total qales for January are budgeted to be $60,000. What are the expected cash receipts for January from the current ond past sales? Multiple Choice $66100 $77100 $57,300 $71,100 $66,100. $77100. $57,300. $71,100. $27,600