1 2345 6 7 8 A B E F H Ch4-2: If Excel Inc. has projected sales of $30,000 in January, $20,000 in February, and $20,000 in March, where 20% of sales are cash sales and the remaining (80%) credit sales are collected the month after, what are the cash receipts in March? Show all work (display all the variables used in your formulas, and/or detail all steps used in determining the calculation)