Ohio Company plans to sell china and other dining-related items over the internet. The company plans to begin business on January 1, Year 1. The company's accountant has prepared the following sales budget for the first quarter of Year 1: First January February March Quarter Budgeted Sales $ 200,000 $ 250,000 $ 300,000 $ 750,000 Every month, the company expects 10% of sales will be cash sales and the remaining 90% will be credit sales. The company expects collections of credit sales will be as follows: Collections on account: 70% in the month of sale 20% in the month following sale 10% in the second month following sale What does Ohio Company expect its cash collections from credit sales to be in the month of March?