Shown below is the sales forecast for LMN Inc. for the first four months of the coming year. Cash Sales Credit Sales January 70,000 400,000 February 90,000 March 18,000.00 April 70,000.00 350,000 300,000.00 320,000.00 The regular pattern of collection of credit sales is 40% in the month of sale, 50% in the month following sale, and the remainder in the second month following the month of sale. There are no bad debts The budgeted cash receipts for April would be: 313,000 320,000 350,000 383,000 000