Avery Company is developing a forecast of March 2021 cash receipts from credit sales. Credit sales for March 2021 are estimated to be $320,000. The amounts receivable balance at February 28, 2021 is $300,000; one-quarter of the balance represents January credit sales and the remainder is from February sales. All accounts receivable from months prior to January of 2021 have been collected or written off. Dongs history of accounts receivable collections is as follows:

In the month of sale	20%
In the first month after month of sale	50%
In the second month after month of sale	25%
Written off as uncollectible at the end of the second month after month of sale	5%

Based on the above information, Dongs expected receipts from March 2021 are

Group of answer choices

A. $176,500

B. $195,250

C. $253,769

D. $267,125