Experience has shown that 50% of the Needleman Company's sales are for cash. The rest are on credit with 70% of the credit sales collected in the month of sale, 20% in the month following sale, and 5% in the second month following sale. The remaining credit sales are expected to be uncollectible. The company's sales budget for the year included budgeted sales of $140,000 in January, $120,000 in February, and $160,000 in March. What is the total amount of cash receipts budgeted for March? A) $56,000 B) $136,000 C) $151,500 D) $167,000