A company is formulating its plans for the coming year, including the preparation of its cash budget. Historically, the company's sales are 25% cash. The remaining sales are on credit with the following collection pattern: Sales for the first 5 months of the coming year are forecast as follows: For the month of April, the total cash receipts from sales and collections on account would be: $4,729,840; $3,797,880 $4,159,000 $4,368,720