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 $19,000 from November sales and $51,000 from December sales. Assume that total sales for January and February are budgeted to be $57,000 and $114,000, respectively. What are the expected cash receipts for February from current and past sales? Multiple Choice $56,000 O $90,580. $45,600 $31,300 $50.300