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Sugar Pine Inc. collects 30% of its sales in the month of sale and the other 70% in the following month. The following shows budgeted

Sugar Pine Inc. collects 30% of its sales in the month of sale and the other 70% in the following month. The following shows budgeted sales for January through March.

January

$250,000

February

$325,000

March

$387,500

What is the amount of cash receipts budgeted for February?

Group of answer choices

$97,500

$271,250

$272,500

$302,500

None of the answer choices is correct.

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