Can someone show me the solution for this, please? The answer is $383,000.00

5. The Bumbershoot Company has the following budgeted sales data: January February March April Credit Sales $400,000 $350,000 $300,000 $320,000 Cash Sales $70,000 $90,000 $80,000 $70,000 The regular pattern of collection of credit sales is 40% in the month of sale, 50% in the month following sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted cash receipts for April would be a. $350,000 b. $320,000 c. $313,000 d. $383,000