On April 1, 2021, Sparks Corporation is preparing the quarterly cash budget for the second quarter of 2021. The following information will be used in April-June, based on the company's actual cashcollection experience in the first quarter of the year: 5% of monthly sales are cash sales; the rest are credit sales; Collection of credit sales follows the following pattern. Of monthly credit sales, 30% are collected in the month of sale; 60% are collected in the month following the sale; and 10% are collected in the second month following the sale. Monthly budgeted sales in the second quarter are: April $1,460,000; May $1,880,000; and June $1,850,000. April 1 Accounts Receivable balance is $1,154,440. It consists of $125,020 of uncollected February credit sales and $1,029,420 of uncollected March credit sales. Budgeted cash collections in April are closest to: A. $1,231,772 B. $1,386,185 C. $1,445,380 D. $1,496,480 E. $1,550,480