Multiple Choice Question 111 Crane Company has the following budgeted sales: January $80000, February es are for cash and 60% are $140000, and March $100000, 40% of the sal on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts during March are: $100000. $124000. $112000 $125000