Wichita Industries' sales are 10% for cash and 90% on credit. Creat sales are collected as follows: 30% in the month of sale, 50% in the next month, and 20% in the second following month. Wichita Industries hod $12,000 from November sales and $42,000 from December sales. Assume that total sales for January and February are budgeted to be $50,000 and $100,000, respectively What are the expected cash receipts for February from current and past sales? Multiple Choice 5000 567060 O 0 SM300 M 0