10. Forty percent (40%) of Fring Company's sales are for cash; the rest (60%) are on credit. Credit sales are collected 20% in the month of sale and 75% in the month following sale. The remaining credit sales are expected to be uncollectible. Budgeted sales for the next three months are: January $200,000 February $240,000 March $220,000 Budgeted Sales Budgeted cash receipts for March are: a. $224,000. b. $268.000. c. $215,800. d. $222,400