Grover has forecast sales to be $138,000 in February, 5148.000 in March, 5163,000 in April, and 5153,000 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 morith following What are budgeted cash receipts in April Multiple Choice $114,000 $154,000 $164,000