Question 31 5 pts Problem 5-3 . All of Arroyo Company's sales are made on credit. An analysis of past experience reveals the following in regard to the credit sales: 15 percent of credit sales are paid in the month of sale. 65 percent of credit sales are paid in the first month following the month of sale. 18 percent of credit sales are paid in the second month following the month of sale. 2 percent of credit sales are never collected. . Arroyo Company has developed the following sales forecast: November $66,000 85,000 55,000 December January February March 75,000 80,000 Q. The budgeted cash receipts for March are: $70,650 $60.750 $12.000 $0