he following budgeted sales for the first half of the current year January February Cash Sales Credit Sales 70,000 $ March 340.000 $ $ $ 50,000 $ 190,000 April 40,000 $ 135.000 $ May 35,000 $ 120,000 $ 45,000 $ June 160,000 $ 40,000 $ 140,000 The company is in the process of preparing a cash budget and must determine the cash collections by month. To this end, the following information has been assem Collections on credit sales: 60% in month of sale 30% in month following sale 10% in second month following sale What are budgeted TOTAL cash collections in March? O $332,000 O $212,000 O $314,500 $173,000