Dora Distribution has projected the following quarterly sales. The accounts receivable at the beginning of the year is $970 and the collection period is 60 days. What are collections for the first quarter? 01 $ 1,585 Q2 $ 1,705 03 $ 1,995 04 $ 2,075 Sales Multiple Choice $792.50 O $1,665.00 O $1.585.00 $1,762.50 $1.498.33