McGraw Hill Ade Infinity Pros Chego Manoli Manufacturing has been accumulating operating data to prepare an annual profit plan Details regarding Manoli's sales for the first six months of the coming year are as follows: Estimated Monthly Sales January $650,000 Type of Monthly Sale February $700,000 Cash sales March $625,000 Credit sales April $720,000 May $800,000 $750,000 20% 80% June 30% 40% Collection Pattern for Credit Sales Month of sale One month following sale Second month following sale Uncollectible 25% 5% Manoli's total cash receipts for the month of April will be: $656.800 $800.800 $682.800 $516.800