3. Candle Company sells a product for $10. Budgeted sales for the first quarter of are: Budgeted Sales January $200,000 February $300,000 March $350,000 April $300,000 All sales are on account. The company collects 70% of the credit sales in the month of sale and 25% in the month following sales. The remainder is estimated to be uncollectible. Budgeted cash receipts for March would be: a. $300,000 b. $335,000 c. $245,000. d. $320,000