Assume that a company offers a 10% discount if customers pay at the time of sale, and about 10% of the customers take advantage of this discount. The company's credit sales are 40% of each month sales, which are collected 1 month after the sale, and 20% are collected 2 months after the sale. Based on this information, calculate the cash receipts for March and April of 2011. March 2011 ($76, 750) and April 2011 ($115,000) March 2011 ($70, 250) and April 2011 ($110, 500) March 2011 ($73, 500) and April 2011 ($116,000) March 2011 ($67, 700) and April 2011 ($95, 720)