Information pertaining to Brenton Corporation's sales revenue is presented in the following table:

	February	March	April
Cash Sales	$160,000	$150,000	$120,000
Credit Sales	300,000	400,000	280,000
Total Sales	$460,000	$550,000	400,000

Management estimates that 5% of credit sales are not collectible. Of the credit sales that are collectible, 75% are collected in the month of sale and the remainder in the month following the sale. Cost of purchases of inventory each month is 80% of the next month's projected total sales. All purchases of inventory are on account; 50% are paid in the month of purchase, and the remainder is paid in the month following the purchase. Brenton's budgeted total cash payments in March for inventory purchases are (Points : 5)

$385,000. $505,000. $306,250. $280,000.