The following credit sales are budgeted by Roswell Company: $30,000 in January,$50,000 in February and $70,000 in March. The company's past experience indicates that 70% of the credit sales are collected in the month of sale and 30% in the month following the sale. The anticipated cash inflow for the month of March is

Select one:

a. $58,800

b. $44,000

c. $70,000

d. $64,000