A company is formulating its plans for the coming year, including the preparation of its cash budget. Historically, the company's sales are 30% cash. The remaining sales are on credit with the following collection pattern:

Collections on Account		Percentage
	In the month of sale	40%
	In the month following the sale	58%
	Uncollectible	2%

Sales for the first 5 months of the coming year are forecast as follows:

January	$3,500,000
February	3,800,000
March	3,600,000
April	4,000,000
May	4,200,000

For the month of April, the total cash receipts from sales and collections on account would be

		$3,729,968
		$3,781,600
		$4,025,200
		$4,408,000