12. The Austinville Hotel, which hosts a large number of conferences, receives 10% of revenue as a deposit in the month prior to a conference, 50% of revenue is received in the same month that a conference is held and 40% of revenue is collected in the month following a conference. Conference revenue was $70,000, $80,000 and $90,000 in January, February and March, respectively. What conference receipts would have been collected in February