The Maxwell Company's cash budget for March includes the following information. This information concerns its accounts receivable: Estimated credit sales for March Actual credit sales for February Estimated collections in March for credit sales in March Estimated collections in March for credit sales in February Estimated collections in March for credit sales prior to February Estimated write-offs in March for uncollectible credit sales Estimated provision for bad debts in March for credit sales in March Determine the estimated cash receipts from accounts receivable collections in March. $247,000 $248,000 $255,000 $300,000 $250,000 $240,000 30% 60% $15,000 $7,000 $8,000