Superb Professors

Campbell and Campbell Company reported the following information for the current year:
January                February              March                   April                       May
Budgeted sales                $240,000             $310,000             $290,000             $360,000             $200,000
Budgeted purchases      $90,000                $120,000             $128,000             $144,000             $88,000
 
 
All sales are on credit.
Customer accounts receivable are collected: 50% in the month of sale and 50% in the following month.
Cost of goods sold is 35% of sales.
Campbell and Campbell purchases and pays for merchandise as follows: 60% in the month of purchase and 40% in the following month.
Accounts payable is used only for inventory purchases.
How much cash will Campbell and Campbell Company receive during March?
 
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