All Loving Earth Inc sales are on account. 50% of sales are collected in the month of the sale, 30% are collected in the month following the sale and 20% are collected in the second month following the sale. The following are the budgeted sales for the first quarter:

January $150,000

February $175,000

March $85,000

What is the budgeted cash receipts for the month of March?

Multiple Choice

• $125,000

• $42,500

• $95,000

• $96,250