XYZ Productions needs to know its anticipated cash inflows. Cash sales are 10% of total sales each month. Historically, sales on account have been collected as follows: 60% in the month of sale, 30% in the next month, and the remaining 10% two months after the sale. Sales are projected as follows: March, $70,000; April, $60,000; May, $50,000; and June, $40,000. Accounts receivable on March 31 were $30,000

Use the above information. February sales are:

Group of answer choices

A. $65,000

B. $53,333

C. $50,000

D. $48,750

Use the above information. Total June collections are:

Group of answer choices

A. $24,000

B. $25,600

C. $44,500

D. $45,000

Use the above information. Accounts Receivable on June 30 are:

Group of answer choices

A. $14,400

B. $18,900

C. $21,600

D. $22,700