Comp inc had budgeted sales of $220,000 in January, $250,000 in February. 40% of sales are for cash 60% are on credit. Of the credit sales 80% are received in the month following the sale and 20% received the month after that.

The cash collections for February will be budgeted to be?

a) $100,000.b) 105,600 c) 205,600 d) 232,000