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Enabled: TEST 3-MODULE 3-CHAP... Saved Help Save & Exit Submi Wichita Industries' sales are 10% cash and 90% on credit. Credit sales are collected as follows: 30% in the month of sale, 60% in the month following the sale, and 10% in the second month following the sale. On December 31, the accounts receivable balance includes $32,000 from November sales and $42,000 from December sales. Assume that total sales for January are budgeted to be $70,000. What are the expected cash receipts for January from the current and past sales? Multiple Choice $25,900. $83,100. $65,100. S $86,900. $93,900