Camellia, a merchandising company, has provided the following extracts from their budget for the first quarter of the forthcoming year: Jan $500,000 Feb $700,000 March $850,000 Sales (25% cash) 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 O A. $655,000 B. $542,500 C. $700,000 OD. $480,000