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The following credit sales are budgeted by Sheridan Company: January $134000 February 240000 March 360000 April 270000 The company's past experience indicates that 70% of

The following credit sales are budgeted by Sheridan Company:

January $134000
February 240000
March 360000
April 270000

The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale. The anticipated cash inflow for the month of April is

$280200.

$263800.

$310720.

$261000.

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