The following credit sales are budgeted by AMA Tech:

January = $200,000

February = $250,000

March = $300,000

April = $400,000

May = $460,000

Past experience indicates that 45% of the accounts receivable are collected in the month of sale, 35% in the month following the sale and 17% in the second month following the sale. 3% of the sales are uncollectible.

Calculate the anticipated cash receipts for March.

Group of answer choices

A. $248,500

B. $256,500

C. $262,500

D. $265,500

Use the above information. Calculate the anticipated cash receipts for April.

Group of answer choices

A. $327,500

B. $335,000

C. $337,500

D. $339,000

Use the above information. Calculate the anticipated cash receipts for May.

Group of answer choices

A. $388,200

B. $398,000

C. $407,000

D. $420,800