1.Martin Co. had the following historical collection pattern for its credit sales:

80% collected in the month of sale

8% collected in the first month after month of sale

5% collected in the second month after month of sale

4% collected in the third month after month of sale

3% uncollectible

The sales on open account (credit sales) have been budgeted for the first six months of the year as shown below:

January

$

42,000

February

$

38,000

March

$

56,000

April

$

63,000

May

$

72,000

June

$

85,000

Calculate the estimated total cash collections by Martin Co. during April.