XYZ Co.s expected sales for upcoming months are as follows: Sales revenue June........................ $60,000 July........................ $80,000 August.................... $100,000 All sales are on credit. Suppose XYZ collects 60% of credit sales in the month of sale, and collects 40% in the following month. How much cash the company can collect in July? A. $70,000 B. $74,000 C. $72,000 D. $68,000