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All of Porter Corporation's sales are on account. Seventy percent of the credit sales are collected in the month of sale, 15% in the month

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All of Porter Corporation's sales are on account. Seventy percent of the credit sales are collected in the month of sale, 15% in the month following sale, and 10% in the second month following sale. The remainder are uncollectible. The following are budgeted sales data for the company: Total sales January February March April $ 476,000 $612,000 $672,000 $738,000 Cash receipts in April are expected to be: Multiple Cholce $516,600 5617,400 $678,600

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