$4$ Grover Company has forecast sales to be $$125,000$ in February, $$143,000$ in March, $$153,000$ in April, and $$148,000$ in May. The average cost of goods sold

is $70\%$ of sales. All sales are on made on credit and sales are collected $65\%$ in the month of sale, and $35\%$ the month following. What are budgeted cash

receipts in March?

Multiple Choice

$$97,400$

$$100,200$

$$140,700$

$$136,700$