Tommiboi Medical Supplies budgeted sales for the next three months as Month Sales February $50,000 March $60,000 April $85,000 In the past, the company found that 30 percent of the sales revenue is collected in the month of the sale, and 70 percent is collected in the following month. How much will budgeted cash receipts for March be? $40,000 O $77,500 o $95,000 $53,000