The Bing Company has predicted sales for the first three quarters of 2019.The predictions are: first quarter, $250,000; second quarter, $200,000; third quarter, $300,000. 80% of sales are collected in the quarter of sale, and 20% of sales are collected in the following quarter. The company's expected cash receipts for the third quarter of 2019 are?

a)21000

b)280000

c)340000

d)370000