Franklin Corporation has the following sales budgets for the fourth quarter. October Cash sales Credit sales $580,400 $232,900 November 624,800 344,000 December 806,900 398,700 The accounting manager has analyzed cash collections and determined that credit sales are collected 70% in the month of sale, 20% in the month following the sale, and 10% in the 2nd month following sale. How much cash will Franklin collect in December? $1,154,790 $1,205,600 $898,990 O $1,178,080