Wichita Industries sales are 20% cash and 80% on Credit Credit sales are collected as follows 40% in the month of sale, 50% in the next month, and 10% in the second following month On December 31, the accounts receivable balance includes $15.000 from November sales and $45.000 from December sales Assume that total sales for January are budgeted to be $53.000 What are the expected cash receipts for any from the current and past sales? Mile Choice 27sso 00.00 Wichita Industries sales are 20% for cash and 80% on credit Credit sales are collected as follows: 40% in the month of sale, 50% in the next month, and 10% in the second following month Wichita Industries' had $29,000 from November sales and $30,000 from December sales. Assume that total sales for January and February are budgeted to be $67,000 and $134,000, respectively. What are the expected cash receipts for February from current and past sales? e Choice | o O S60300 o . o . o . o O soo