6)

A company's history indicates that 20% of its sales are for cash and the rest are on credit. Collections on credit sales are 20% in the month of the sale, 50% in the next month, and 15% the following month. Projected sales for January, February, and March are $69,000, $94,000 and $104,000, respectively. The March expected cash receipts from all current and prior credit sales is: