The Patuxent Rail Company's sales for the next three months are as follows:

The Patuxent Rail Company's sales for the next three months are as follows:February$165,000March$170,000April$155,000Collection history for the company indicates that 60% of sales are collected in the month of the sale, 38% is collected in the following month, and 2% of sales are uncollectible.Budgeted cash receipts for April are:Answer$161,000.$157,600.$259,600.$154,500.