March, April, and May sales are $100,000, $120,000, and $125,000, respectively.

A total of 80% of all sales are credit sales and 20% are cash sales. A total of 60%

of credit sales are collected in the month of the sale and 40% are collected in the next month. There are no bad debt expenses. What is the amount of cash collections for April?

a. $89,600

b. $111,600

c. $113,600

d. $132,600