A company's history indicates that 25% 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 20% the following month. Projected sales for January, February, and March are $70,000, $95,000 and $105,000, respectively. The March expected cash receipts from all current and priorcreditsales is:

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