East Lansing Mall budgeted credit sales in the first quarter of 2012 to be as follows: January $ 180,000 February 150,000 March 162,000 The budgeted beginning cash balance is $28,000 and budgeted monthly cash disbursements are $151,000. Credit sales in December 2011 are expected to be $220,000. The company expects to collect 80 percent of a month's sales in the month of sale and 20 percent in the following month. How much are budgeted cash balance at the end of February? Group of answer choices $202,000 $70,000 $112,000 $310,000