Avril Company makes collections on sales according to the following schedule:

35% in the month of sale

61% in the month following sale

4% in the second month following sale

The following sales have been are expected:

	Expected Sales
January	$120,000
February	$130,000
March	$120,000

Budgeted cash collections in March should be budgeted to be:

$126,100

$120,480

$121,300

$120,000