Question 19.19. Matterhorn, Inc. had the following sales for the past six months. Matterhorn collects its credit sales 30% in the month of sale, 60% one month after the sale, and 10% two months after the sale.

Cash Sale Credit Sales

January $50,000 $50,000

February $70,000 $110,000

March $55,000 $95,000

April $78,000 $130,000

May $80,000 $ 105,000

June $75,000 $148,000

What are Matterhorn's total cash receipts for the month of March? (Points : 2)

A) $99,500 B) $119,000 C) $150,000 D) $154,500