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Test Company projected the following sales for the first six months of the year. Total sales January $250,000 February 300,000 March 280,000 April 310,000 May

Test Company projected the following sales for the first six months of the year.

Total sales

January

$250,000

February

300,000

March

280,000

April

310,000

May

320,000

June

300,000

Of the total sales, 10% are cash sales, and the remaining sales are on credit. Credit sales are collected: 40% in the month of sale, 50% in the first month following the sale, 5% in the second month following the sale, and the remaining credit sales are uncollectible.

Determine total cash collections for March.

Note: Give your answer using dollar signs and commas but no decimal points (cents).

Example: $12,345

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