Gove Company has an accounts receivable balance of $357,000 at the beginning of the year. Credit sales for the year are projected at $975,000. Management estimates that 95% of the beginning accounts receivable plus 75% of the credit sales will be collected during the period. What is the projected balance of the ending accounts receivable?

A 1,332,000

B 261,600

C 391,875

D 548,625