The following credit sales are budgeted by Roswell Company:
January $102,000
February 150,000
March 210,000
April 180,000
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 :
$185,160.
$168,000.
$180,000.
$176,400.