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 following month. On December 31, the accounts receivable balance includes $13,000 from November sales and $42,000 from December sales. Assume that total sales for January and February are budgeted to be $51,000 and $102,000, respectively. What are the expected cash receipts for February from current and past sales?

Multiple Choice

$49,100.

$40,400.

$80,440.

$27,400.

$40,800.