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Budgeted sales are: February, $310,000, March $340,000 and April, $610,000. Sales are 80% credit sales with 75% collected in the month following the sale, 25%

Budgeted sales are:

February, $310,000, March $340,000 and April, $610,000. Sales are 80% credit sales with 75% collected in the month following the sale, 25% two months following. What are cash receipts in April?

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