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Total sales January $400.000 February $600,000 March $500.000 April $700.000 14. All of Porter Corporation's sales are on account. 60% of the credit sales are

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Total sales January $400.000 February $600,000 March $500.000 April $700.000 14. All of Porter Corporation's sales are on account. 60% of the credit sales are collected in the month of sale, 25% in the month following sale, and 10% in the second month following sale. The remainder are uncollectible. Shown are budgeted sales data for the company. What are the cash receipts in April expected to be? O A. $420,000 O B. $545,000 O C. $605,000 O D. $185,000

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