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Drago makes all sales on account, subject to the following collection pattern: 40% are collected in the month of sale; 50% are collected in the

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Drago makes all sales on account, subject to the following collection pattern: 40% are collected in the month of sale; 50% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for January, February, and March were $80,000, $120,000, and $180,000, respectively, what were the firm's budgeted collections for March? $72,000 $120,000 $174,000 $180,000 $140,000

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