Grover has forecast sales to be $135,000 in February, $145,000 in March. $160,000 in April, and $150,000 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 $154,000 $160,000 $112.000 $150000