Sioux Corporation is estimating the following sales for the first four months of next year:

Jan - $260,000

Feb - $230,000

March - $270,000

April - $320,000

Sales are normally collected 60% in the month of sale, 35% in the month following the sale, and the remaining 5% being uncollectible. Based on this information, how much cash should Sioux expect to collect during the month of April?

A)$286,500 B) $94,500 C) $192,000 D) $320,000

Could you explain the solution?