Cathy Company has been accumulating operating data to prepare an annual profit plan. Details regarding Cathy's sales for the first six months of the coming year are as follows: Estimated Monthly Sales January February March April May June $650,000 Type of Monthly Sale $625,000 Cash sales 30% $600,000 Credit sales 70% $700,000 $800,000 $750,000 Collection Pattern for Credit Sales Month of sale One month following 40% 30% sale Second month following 25% sale 5% Uncollectible Cathy's total cash receipts from customers for the month of April are budgeted to be: $634,375 $616,250 O $210,000 O $641,375 $826,250