104) Sheridan Company estimates its sales at 230,000 units in the first quarter and that sales will increase by 17,000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $25. 40% of the sales are cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Cash collections for the third quarter are budgeted at: A) $5412000 B)$6156000 C)$6523500 D)$3051000