Elmo has forecast sales to be $125,000 in February, $135,000 in March, $150,000 in April, and $140,000 in May. The average cost of goods sold is 70% of sales. All sales are made on credit and sales are collected 60% in the month of sale, and 40% the month following What are budgeted cash receipts in April? O a. $141.000 Ob. $105,000 $150,000 d. $144,000