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

25% in the month of sale

60% in the month following sale

11% in the second month following sale

The following sales are expected:

	Expected Sales
January	$120,000
February	$130,000
March	$140,000

Cash collections in March should be budgeted to be:

$140,000

$130,000

$134,400

$126,200