A company's history indicates that 25% of its sales are for cash and the rest are on credit. Collections on credit sales are 25% in the month of the sale, 45% in the next month, and 20% the following month. Projected sales for January, February, and March are $61,000, $86,000 and $96,000, respectively. The March expected cash receipts from all current and prior credit sales is:

a. $74,900

b. $81,900

c. $56,175

d. $65,775

e. $46,575