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Jan 200,000--- Feb 240,000--- Mar 280,000--- April 400,000--- May 320,000--- June 320,000--- 25% of sales is collected in cash at the time of the sale,

Jan 200,000--- Feb 240,000--- Mar 280,000--- April 400,000--- May 320,000--- June 320,000--- 25% of sales is collected in cash at the time of the sale, 50% is collected in the month following the sale, and the remaining 25% is collected in the second month following the sale. Cost of goods sold is 75% of sales. Purchases are made in the month prior to the sale, and payments for purchases are made in the month of the sale. Total other cash expenses are $60,000/month. The company's cash balance as of February 28, 2004 will be $40,000. Excess cash will be used to retire short-term borrowing (if any). Dorian has no short-term borrowing as of February 28, 2004. Assume that the interest rate on short-term borrowing is 1% per month. The company must have a minimum cash balance of $25,000 at the beginning of each month. Round all answers to the nearest $100. ----Based on the information in Table 1, what are Dorian Industries' total cash receipts (collections) for April 2004

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