A company's sales history indicates that 20% of its sales are made in cash and the remaining 80% are made on credit. The collection of credit sales is 30% in the month in which the sale is made and 70% in the following month. Projected sales for the months of January, February and March are $ 75,000, $ 92,000 and $ 60,000 respectively. In March, sales receipts are expected to be:   $ 72,000  $ 77,920  $ 92,000  $ 62,500  $ 82,000