Grover has forecast sales to be $130,000 in February, $140,000 in March, $155,000 in April, and $145,000 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? Multiple Choice $149,000 $109,000 $155,000 $146,000