-.20.81.ALGO -.18.67.ALGO Woodpecker Co. has $310,000 in accounts receivable on January 1. Budgeted sales for January are $904,000. 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 -.18.51.ALGO -.16.86.ALGO Oa. $1,033,200 Ob. $1,343,200 Oc. $619,920 Od. $826,560 -.22.125.ALGO -.23.99.ALGO -.21.75.ALGO -.26.112.ALGO -.18.60.ALGO