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Custom Embroidering, Inc. (CET) manufactures baseball hats with the Arizona State University Sunbilogo entroidered on the hats. Even though the baseball hats come in a variety of colors, the hote are considered to be a single product. Each hat sells for $20 and CE has forecasted quarterly sales for 2020 are as follows 7 Quarter 2nd Quarter 3rd Quarter 4th Quarter Dollag $150,000 $200,000 $225,000 $175,000 Units 7,500 10,000 71,250 8.750 Assume that seventy-five percent (75%) of the hats are sold for cash and the remaining sales are made on credit. The collection of credit Lales is expected to be 50% in the quarter sold and 50% in the quarter following the sale. What is the amount of forecasted total cash collections for the second quarter of 2020? $175,000 $ 193,750 $150,000 $200,000