Singal Inc. is preparing its cash budget. It expects to have sales of $35,000 in January, $42,500 in February, and $30,000 in March. If 20% of sales are for cash, 40% are credit sales paid in the month after the sale, and another 40% are credit sales paid 2 months after the sale, what are the expected cash receipts for March? a. $37,000 O b. $21,500 c. $45,000 d. $30,000 e. $66,500