Black Horse Transportation's Sales Budget for the First Quarter Follows $$\begin{array} { l r } \text { January } & \$ 125,000 \\\text { February } & 300,000 \\\text { March } & 290,000\end{array}$$

Black Horse Transportation's sales budget for the first quarter follows:
$$\begin{array} { l r } \text { January } & \$ 125,000 \\\text { February } & 300,000 \\\text { March } & 290,000\end{array}$$ All sales are on account (credit) with 50% collected in the month of sale, 30% collected in the following month after sale, and 20% collected in the second month after sale. There are no uncollectable accounts.
The March cash receipts are:

A) $260,000
B) $102,500
C) $250,500
D) $172,500