Wichita Industries' sales are 10% cash and 90% on credit. Credit sales are asfollows: 40% in the month of sale, 50% in the next month, and 10% in the 31, the accounts receivable balance includes $27.000 from November sales and $51,000 from December sales. Assume that sales for January are budgeted to be $65,000. What are the expected cash receipts for January from the current and past sales? $99.400 $92900 $82.400 $29,900 $75.100 Prev 1 ot10111 Next > to search