The Following Credit Sales Are Budgeted by Peckman Company

Multiple Choice

The following credit sales are budgeted by Peckman Company: 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

A) $185,160.
B) $168,000.
C) $180,000.
D) $176,400.