Camellia, a merchandising company, has provided the following extracts from their budget for the first quarter of the forthcoming year: Sales (20% cash) Jan $450,000 Feb $700,000 March $800,000 The company collects 70% of credit sales in the same month and the balance in the next month. Calculate the collections from the customers for the month of February. A. $500,000 OB. $700,000 OC. $532,000 D. $640,000