Below is the budgeted operating income for Tommy Inc.

	January	February	March
Sales	$20,000	$40,000	$100,000
Beginning inventory	22,000	24,000	88,000
Purchases	10,000	75,000	24,000
Ending inventory	(24,000)	(88,000)	(72,000)
Cost of sales	8,000	11,000	40,000
Gross margin	12,000	29,000	60,000
Depreciation expense	2,000	2,000	2,000
Rent expense	16,000	16,000	16,000
Variable selling expense	4,000	8,000	20,000
Operating income	$(10,000)	$3,000	$22,000

Tommys accounting department collects 50% of sales in cash. The other 50% are credit card sales, with 50% of these sales collected in the month of sale and the remaining 50% collected the month following sale. The credit card company pays Tommy 95% of the amount owing and keeps 5% as a service charge.

Purchases paid within 10 days qualify for a 2% discount. Purchases are incurred evenly throughout the month. Rent is paid fully in the month incurred and 75% of variable selling expenses are paid in the month of the expense; the balance is paid in the following month.

How much cash will Tommy receive in March from sales?

Group of answer choices

$83,250

$73,750

$85,000

$33,250