Seventy (70% percent of Parlee Company's sales are collected in the month of sale, 20% in the month following sale, and 10% in the second month following sale. The following are budgeted sales data for the company: Total sales January $800,000 February March $700,000 April $300,000 $500,000 Total budgeted cash collections in April would be: a. $600,000 b. $540,000 c. $480,000 d. $420,000 e. None of the above. The answer is