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 next month, and 10% in the following month. On December 31, the accounts receivable balance includes $22,000 from November sales and $33.000 from December sales. Assume that total sales for January are budgeted to be $60.000. What are the expected cash receipts for January from the current and past sales? Multiple Choice $27,600. $57,300. $71.100. $66,100. $. The following information is available for the year ended December 31: Beginning raw materials inventory Raw materials purchases Ending raw materials inventory Office supplies expense $2,900 4,400 3,400 1,400 The amount of raw materials used in production for the year is: o o $4,400. o o o $7,300