Grover Has Forecast Sales to Be $125,000 in February,$135,000 in March,$150,000

Multiple Choice

Grover has forecast sales to be $125,000 in February,$135,000 in March,$150,000 in April,and $140,000 in May.The average cost of goods sold is 70% of sales.All sales are on made on credit and sales are collected 60% in the month of sale,and 40% the month following.What are budgeted cash receipts in March?

A) $131,000
B) $135,000
C) $94,500
D) $91,700