A company's history indicates that 30% 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 25% the following month. Projected sales for January, February, and March are $65,000, $90,000 and $100,000, respectively. The March expected cash receipts from all current and prior credit sales is:

a. $56,875

b. $95,000

c. $81,250

d. $61,875

e. $51,875