Wichita Industries' sales are 10% for 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 $21,000 from November sales and $51,000 from December sales. Assume that total sales for January and February are budgeted to be $59,000 and $118,000, respectively. What are the expected cash receipts for February from current and past sales? $48,950. $56,050. $38,350. $35,050. $89,330