21. The Gretzky Company has budgeted the following sales for the 1St quarter of 2008: January $120,000 February $150,000 March $160,000 Only 20% of the company's sales are made in cash. The company expects to collect 30% of sales on account in the month of the sale, 60% in the month following the sale, and the nal 10% will be collected two months following the sale. Bad debts are immaterial to the budget. Total budgeted cash collections in March will be: A. $ 128,000 B. $ 182,000 C. $ 152,000 D. $ 120,000