Grover has forecast sales to be $125,000 in February, $139,000 in March, $157,000 in April, and $149,000 in May. The average cost of goods sold is 70% of sales. All sales are on made on credit and sales are collected 65% in the month of sale, and 35% the month following. What are budgeted cash receipts in March?

Grover has forecast sales to be $125,000 in February, $139,000 in March, $157,000 in April, and $149,000 in May. The average cost of goods sold is 70% of sales. All sales are on made on credit and sales are collected 65% in the month of sale, and 35% the month following, what are budgeted cash receipts in March? O $138,100 $134,100 O $94,800 O $97600