Question 31 The following credit sales are budgeted by Marigold Electronics: January February March April May $123200 119800 134200 139900 142600 The company's past experience indicates that 55% of the accounts receivable are collected in the month of sale, 25% in the month following the sale, and 18% in the second month following the sale. 2 percent are uncollectible. How much does the company anticipate as cash receipts for March? $131516 $125936 $134453 $121866