Seventy percent of Parle Corporation's sales are collected in the month of sale, 25% in the month following sale, and 5% in the second month following sale. The following are budgeted sales data for the company:
January February March April
$600,000 $700,000 $500,000 $300,000
Total budgeted cash collections in April would be:
a. $210,000
b. $35,000
c. $125,000
d. $370,000