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All of Porter Corporation's sales are on account. Sixty percent of the credit sales are collected in the month of sale, 25% in the month

All of Porter Corporation's sales are on account. Sixty percent of the credit sales are collected in the month of sale, 25% 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:

January February March April
Total sales $414,000 $646,000 $626,000 $798,000

Cash receipts in April are expected to be:

a. $478,800

b. $635,300

c. $699,900

d. $221,100

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