The Tattersall Company’s budgeted income statement reflects…

The Tаttersаll Cоmpаny's budgeted incоme statement reflects the fоllowing amounts:  Sales Purchases SG&A Expenses January $120,000 $78,000 $24,000 February $110,000 $66,000 $24,200 March $125,000 $81,250 $27,000 All sales are on account, with 50% collected in the month of sale, 30% in the month following sale, and 19% in the second month following sale. One percent of sales is uncollectible and immediately recorded as such.      Tattersall has $58,000 of Net Accounts Receivable on January 1.  $35,000 of Accounts Receivable will be collected in January and the remaining amount will be collected in February.     Tattersall’s budgeted cash receipts in February are: