Grant Company estimates its sales at 60,000 units in the first quarter and that sales will increase by 6,000 units each quarter over the year. It has, and desires, an ending inventory of 25% of the next quarter's sales. Each unit sells for $25.40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Cash collections for the third quarter are budgeted at: O $1,017,000. O $1,476,000. O $1,773,000. O $2,052,000