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Grover has forecast sales to be $128,000 in February, $140.000 in March, $153,000 in April, and $144,000 in May. The average cost of goods sold

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Grover has forecast sales to be $128,000 in February, $140.000 in March, $153,000 in April, and $144,000 in May. The average cost of goods sold is 75% 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? Multiple Choice $96.500 $99,300 $135,800 $139,800

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