Plato​ Industries' projected sales for the first six months of 2012 are given​ below:

Jan. ​$250,000 April ​$300,000 Feb. ​$340,000 May ​$350,000 Mar. ​$280,000 June ​$380,000 ​

20% of sales are collected in cash at time of​ sale, 50% are collected in the month following the​ sale, and the remaining​ 30% are collected in the second month following the sale.

Cost of goods sold is​ 85% of sales. Purchases are made in the month prior to the​ sales, and payments for purchases are made in the month of the sale.

Total other cash expenses are​ $70,000/month.

The​ company's cash balance as of February​ 28, 2012 will be​ $10,000.

Excess cash will be used to retire shortminusterm borrowing​ (if any).

Plato has no short term borrowing as of February​ 28, 2012. Ignore any interest on shortminusterm borrowing.

The company must have a minimum cash balance of​ $40,000 at the beginning of each month.

What is Plato​ Industries' total cash receipts for April​ 2012?

A. ​$326,000

B. ​$340,000

C. ​$302,000

D. ​$300,000