Dora Distribution has projected the following quarterly sales. The accounts receivable at the beginning of the year is $1,000 and the collection period is 60 days. What are collections for the first quarter? Q1 Q2 Q3 04 Sales $ 1,645 $ 1,735 $ 2,055 $ 2,105 $1,822.50 $1.705.00 $1,548.33 $822.50 $1,645.00