The Warehouse Has Projected Sales for June Through September of $56,700

The Warehouse has projected sales for June through September of $56,700, $68,900, $70,200, and $54,300.The company collects 46 percent of its sales in the month of sale, 51 percent in the month following the month of sale, and 2 percent in the second month following the month of sale.The remaining sales are never collected.What is the amount of the August collections?

A) $65,863
B) $68,565
C) $62,158
D) $67,288
E) $65,516

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