A companys history indicates that 20% of its sales are for cash and the rest are on credit. Collections onc redit sales are 20% in the month of the sale, 50% in the next month and 15% the following month. Projected sales for Jan, Feb, and March are 69,000, 94,000, 104,000 respectively. The march expected cash receipts from all current and prior credit sales is:

1. 46,920

2. 78,120

3. 62,520

4. 78,150

5. 99,000