A corporation began its business on April 1 of the current year. Budgeted sales for the first three months are: April: $260,000 May: $375,000 June: $400,000 The company expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the month of the sale and 20% in the month following the sale. How much are the estimated April accounts receivable cash collections? o $182,000 $168,000 $145,600 o $223,600