accounting principal 2 chapter 6-8 question

Rover has forecast sales to be $145,000 in February, $155,000 in March, $170,000 in April, and $160,000 in May. The average cost of goods sold is 70% of sales. All sales are made on credit. Sales are collected 60% in the month of sale, and 40% the month following. What are budgeted cash receipts in April for Rover? Multiple Choice 0 $120,000 0 $161,000 0 $171,000 0 $164,000