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 $27.000 from November sales and $51,000 from December sales. Assume that total sales for January and February are budgeted to be $65.000 and $130,000, respectively. What are the expected cash receipts for February from current and past sales? Multiple Choice 0 $42,250 $53,450 O $97,550. $64,750. O $37750