Blossom Industries' sales budget for the first quarter of the upcoming year shows budgeted sales of $332000, $355000, and $305000 in January, February, and March, respectively. All sales are made on credit. The cash receipts budget for March shows total cash receipts equal to $293590. Blossom grants a discount to customers who pay within 10 days of the invoice. Blossom collects 60% of sales within the discount period, 20% in the month of sale but outside the discount period, 15% in the month following sale and the remainder is uncollectible. What is the discount offered by Blossom, and what are the cash collections in March associated with March sales? 2%; $180804 1.2%; $247204 2%; $240340 1.2%; $179340