19.

Woodpecker Co. has $308,000 in accounts receivable on January 1. Budgeted sales for January are $913,000. Woodpecker Co. expects to sell 20% of its merchandise for cash. Of the remaining 80% of sales on account, 75% are expected to be collected in the month of sale and the remainder the following month. The January cash collections from sales are

A.$623,040

B.$1,346,400

C.$830,720

D.$1,038,400