DEF Company estimates its sales at 70,000 units in the first quarter and that sales will increase by 7000 units each quarter over the year. They have, and desire, a 10% ending inventory of finished goods. Each unit sells for $2. 30% of the sales are for cash. 80% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Cash collections for the 2nd quarter are budgeted at O a. 152,040 O b. 151,400 Oc. 150,020 O d. 149,880