Monroe Company sells a product for 100. Budgeted sales and purchases for the first quarter of 2020 are as follows:

Sales

Purchases

January

62,000

36,000

February

188,000

40,000

March

102,000

60,000

The company collects 55% in the month of sale, 30% in the following month, and 10% two months after the sale. five percentage of all sales are uncollectible and are written off. Compute the budgeted cash receipts for March 2020. (2%)