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Crane Manufacturing Company expects the following sales in January, February, and March: January February March Cash Sales $51200 $45000 $85400 Credit Sales $254500 $240000 $323000

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Crane Manufacturing Company expects the following sales in January, February, and March: January February March Cash Sales $51200 $45000 $85400 Credit Sales $254500 $240000 $323000 The controller has determined that the company collects credit sales as follows: 60% in the month of sale, 30% in the first month after sale, 5% in the second month after sale, and 5% is expected to be uncollectible. How much cash will be collected from customers in March? O $363925 O $408400 $351200 $278525

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