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Jazzy Janitors has found that only 10% of its invoiced amounts are paid in the same month that the work is completed. 60% are paid

Jazzy Janitors has found that only 10% of its invoiced amounts are paid in the same month that the work is completed. 60% are paid in the month after the work is completed and 30% are paid in the second month after the work is completed. During December, 2013, Jazzy Janitors' invoiced $200,000 to clients. Projected revenues for the first six months of 2014 are given below:

MonthRevenue

January $180,000

February 215,000

March 220,000

April 218,000

May 240,000

June 255,000

What are the expected cash receipts for March, 2014?

Group of answer choices

$224,800

$151,000

$265,000

$205,000

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