Information pertaining to ZZ Co. 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

60% of the credit sales are collected in the month of sale and the remainder in the month following the sale. Cost of purchases of inventory each month are 70% of the next month's projected total sales. All purchases of inventory are on account; 25% are paid in the month of purchase, and the remainder is paid in the month following the purchase.

Budgeted total cash receipts in April are:

	a.	$328,000
	b.	$437,000
	c.	$431,600
	d.	$448,000