Realco, inc. recorded monthly credit sales for the first quarter as follows: $120,000; $160,000; $140,000 respectively. Their collection experience has been that 30% is collected in the month of the sale, 60% is collected in the month following the sale, and 10% is collected in the second month following the sale. If this is the case, compute cash collections made in march. $150,000 or $42,000 or $146,000 or $120,000