The treasurer of a company had prepared a cash budget for the months of March, April, and May. However,

due to a server breakdown, the cash budget data got erased from the computer. The information technology

team of the company retrieved the following partial data.

The total sales for the months of March, April, and May are $$40,000,$$$50,000,$ and $$60,000,$ respectively.

What is the ending cash balance in March and total cash receipts during April and May?

The ending cash balance in March is $$7,800$; total cash receipts during

April is $$32,800$ and during May is $$44,100.$

The ending cash balance in March is $$24,200$; total cash receipts during

April is $$49,200$ and during May is $$60,500.$

The ending cash balance in March is $$15,800$; total cash receipts during

April is $$40,800$ and during May is $$52,100.$

The ending cash balance in March is $$20,000$; total cash receipts during

April is $$15,800$ and during May is $$22,100.$