Calculator Woodpecker Co. has $290,000 in accounts receivable on January 1. Budgeted sales for January are $981,000. 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 O a. $644,880 Ob. $1,074,800 Oc, $859,840 O d. $1,364,800