Compute the Cash Collected in March.

Total Sales

January $40,000$

February $50,000$

March $70,000$

The company has $80\%$ of total sales as cash sales during each month. The company receives $50\%$ of sales on account in the same month as the sale, and the remaining $50\%$ collected the month following the sale.

Group of answer choices

$70,000$

$72,000$

$68,000$

$56,000$