Sugar Pine Inc $\begin{array}{ll}\text { January } & \$ 250,000 \\\text { February } & \$ 325,000 \\\text { March } & \$ 387,500\end{array}$

Multiple Choice

Sugar Pine Inc.collects 30% of its sales in the month of sale and the other 70% in the following month.The following shows budgeted sales for January through March.
$\begin{array}{ll}\text { January } & \$ 250,000 \\\text { February } & \$ 325,000 \\\text { March } & \$ 387,500\end{array}$
What is the amount of cash receipts budgeted for February?

A) $97,500
B) $271,250
C) $272,500
D) $302,500
E) None of the answer choices is correct.