CraftCo, Inc.'s projected sales for the first six months of 2012 are given below: Jan. $500,000 April $490,000 Feb. $740,000 May $740,000 Mar. $380,000 June $610,000 40% of sales are collected in cash at time of sale, 50% are collected in the month following the sale, and the remaining 10% are collected in the second month following the sale. Cost of goods sold is 60% 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 $40,000/month. The company's cash balance as of February 28, 2012 will be $25,000. Excess cash will be used to retire shortminusterm borrowing (if any). CraftCo, Inc. has no short term borrowing as of February 28, 2012 Assume that the interest rate on shortminusterm borrowing is 1% per month. The company must have a minimum cash balance of $15,000 at the beginning of each month. What is CraftCo, Inc.'s total cash disbursements for April 2012? A. $414,000 B. $374,000 C. $294,000 D. $334,000