Sioux Corporation is estimating the following sales for the first four months of next year: January$210,000February$280,000March$340,000April$370,000Sales are normally collected 60% in the month of sale and 40% in the month following the sale. Based on this information, how much cash should Sioux expect to collect during the month of April?
A. $370,000
B. $119,000
C. $222,000
D. $358,000
Answer: D
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