a company's history indicates that 25% of its sales are for cash and the rest are on credit. collections on credit sales are 25% in the month of the sale, 40% in the month following the sale, and 20% in the second month following the sale. projected sales for january, february, and march are $67,000, $92,000 and $102,000, respectively. the march expected cash receipts from current and prior credit sales is:
