Cummings, a multi-million-dollar corporation, has been accumulating operating data in order to prepare an annual profit plan. Details regarding Cummings sales for the first six months of the year are as follows: Estimated Monthly Sales Type of Monthly Sales

January $1,200,000 Cash Sales 20%

February 1,300,000 Credit Sales 80%

March 1,400,000

April 1,250,000

May 1,440,000

June 1,600,000

Collection pattern for credit sales Month of sales 30% One month following sale 40% Second month following sale 25% Cummings cost of goods sold average 40% of the sales value. Cummings objective is to maintain a target inventory equal to 30% of the next month's sales. Purchases of merchandise for resale are paid for in the month following the sale. The variable operating expenses (other than Cost of goods sold) for Cummings are 10% of sales and are paid for in the month following the sale. The annual fixed operating expenses are presented below. All of these are incurred uniformly throughout the year and paid monthly except for insurance and property taxes. Insurance is paid quarterly in January, April, July and October. Property taxes are paid twice a year in April and October:

Annual Fixed Operating Costs

Advertising $1,440,000

Depreciation 840,000

Insurance 360,000

Property taxes 480,000

Salaries 2,160,000

Determine Cummings total cash receipts for the month of April. (Show your work)