in the month of sale, 25% in the month following sale, and 12% in the second month following sale. The remainder is uncollectible. The following information has been gathered for the current year:
Sales Month 1 $65,000
Sales Month 2 $70,000
Sales Month 3 $50,000
Sales Month 4 $30,000
Total cash receipts in Month 4 will be:
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