A company's treasurer must prepare the year's cash budget to ensure all receipts payments are accounted for

appropriately. The treasurer starts by estimating the sales forecast for March, April, and May to be $$80,000,$

$$120,000,$ and $$100,000.$ The treasurer is also informed that $20\%$ of the total sales are cash sales, $65\%$ of the

customers pay in the month following the sales, and $15\%$ of the customers pay in the second month following

the sale. The accounts receivable balance at the end of February is $$95,000$; of this, $$80,000$ is from sales in

February, and $$15,000$ is from sales in January.

What will be the accounts receivable balance at the end of March?

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