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All of Pocast Corporation's sales are on account. Sixty percent of the credit sales are collected in the month of sale, 30% in the month

All of Pocast Corporation's sales are on account. Sixty percent of the credit sales are collected in the month of sale, 30% in the month following sale, and 10% in the second month following sale. The following are budgeted sales data for the company:

January February March April
Total sales $ 700,000 $ 500,000 $ 400,000 $ 600,000

Cash receipts in April are expected to be:

$530,000

$410,000

$460,000

$360,000

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