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

25% in the month of sale

60% in the month following sale

10% in the second month following sale

The following sales are expected:

	Expected Sales
January	$	110,000
February	$	146,000
March	$	130,000

Cash collections in March should be budgeted to be:

Multiple Choice

• $131,100.

• $130,000.

• $132,000.

• $120,100.