Camellia, a merchandising company, has provided the following extracts from their budget for the first quarter of the forthcoming year: Sales (20% cash) Jan $500,000 Feb March $750,000 $1,000,000 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. $690,000 B. $540,000 c. $750,000 OD. $570,000