The Shoecraft Company's Budgeted Sales for January,February,and March of $80,000,$60,000,and

The Shoecraft Company's budgeted sales for January,February,and March of $80,000,$60,000,and $50,000,respectively.Seventy percent of sales are on credit.The company collects 60% of its credit sales in the month following sale,35% in the second month following sale,and 5% is not collected.Shoecraft mailed all statements to credit customers at the end of the month with a term of 1/30,n/60.What are Otter's expected cash receipts for March?