Corvi Corporation produces and sells one product. The budgeted selling price per unit is $126. Budgeted unit sales are shown below:

	July			August		September		October
Budgeted unit sales	7,300			11,500		14,200		12,100

All sales are on credit with 40% collected in the month of the sale and 60% in the following month. The expected cash collections for August is closest to:

Multiple Choice

$551,880

$1,131,480

$919,800

$579,600