Question 8: (1 point) Ryan Co. projects the following monthly revenues for next year: January $100,000 500-00 ME!!! 425-00 April 450,00 575.00 300.00 250.00 275.00 zoom 350.00 400.00 525.00 Ryan's terms are net 30 days. The company typically receives payment on 80% of sales the month following the sale, and 17% is collected two months after the sale. Approximately 3% of sales are deemed bad debt. What amount represents the expected cash collection in April of next year? 0 $432,250 0 $425,000 0 $536,500 0 $438,500