A new company expects that for the first four months sales will be as follows:

Month	Cash sales	Credit sales
Jan.	$40,000	$60,000
Feb.	$80,000	$80,000
Mar.	$130,000	$300,000
Apr.	$270,000	$400,000

The company expects to collect credit sales in the following manner: 70% in the month of sale, 20% one month later, and the remaining 10% two months later.

Required:

Compute the expected cash collections for the month of April.

Please do not copy from Chegg. I need an original answer with a proper explanation with step by step explanation.