XYZ Company expects the following sales and collection pattern for the first 4 months of the year. Month Cash Sales Credit Sales Total Sales January $12,000 $23,000 $35,000 February $8,000 $22,000 $30,000 March $9,000 $25,000 $34,000 April $11,000 $28,000 $39,000 • 5% of credit sales are collected in the same month. • 75% of sales are collected in the following month. • 15% of sales are collected in the second following month. What are the projected cash collections for the month of March? Group of answer choices $17,250 $21,200 $30,200 $41,200