1. Seventy percent of Pitkin Corporation'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:

	January	February	March	April
Budgeted sales	$200,000	$300,000	$350,000	$250,000

Total budgeted cash collections in April would be:

A) $175,000

B) $275,000

C) $70,000

D) $30,000

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