A company is formulating its plans for the coming year, including the preparation of its cash budget. Historically, the company's sales are 20% cash. The remaining sales are on credit with the following collection pattern: Collections on Account Percentage In the month of sale 47% In the month following the sale 51% Uncollectible 2% Sales for the first 5 months of the coming year are forecast as follows: January $ 3,507,000 February 3,807,000 March 3,607,000 April 4,007,000 May 4,207,000 For the month of April, the total cash receipts from sales and collections on account would be: $3,779,688. $4,191,322. $4,524,260. $4,112,626.