Black Horse Transportations sales budget for the first quarter follows:

January	$125,000
February	300,000
March	290,000

All sales are on account (credit) with 50% collected in the month of sale, 30% collected in the following month after sale, and 20% collected in the second month after sale. There are no uncollectable accounts.

The Accounts Receivable balance that would appear on the Balance Sheet for March is:

Group of answer choices

$150,500

$104,000

$202,000

$142,500