Shown below is the sales forecast for Cooper, Inc. for the first four months of the coming year.

JANUARY FEBRUARY MARCH APRIL

CASH SALES $15,000 $24,000 $18,000 $14,000

CREDIT SALES $100,000 $120,000 $90,000 $70,000

On average, 50% of credit sales are collected in the month of sale, 30% in the month following the sale, and the remaining 20% is collected two months after the month of sale. Assuming there are not bad debts, the expected cash collections in March is:

	a.	$119,000
	b.	$138,000
	c.	$122,000
	d.	$108,000