Meegan manufacturing has the following budgeted sales data: February January March April $70,000 $90,000 Cash Sales $80,000 $70,000 Credit Sales $300,000 $320,000 $400,000 $350,000 The regular pattern of collection of credit sales is 38% in the month of sale, 42% in the month following sale, and the remainder in the second month following the month of sale. The budgeted accounts receivable balance on February 28 would be: Select one: O a. $297,000.00 O b. $465,00o.00 c. $435,000.00 d. $403,000.00