Hoover Corporation began operations on June 1,2020 . $20000 ser's August 2020 sales are $1,200,000,$1,500,000, and $2,000,000 respectively. The company estimates that. 75% of its sales will be made on credit. The company also estimates that 55% of Hoover's customers will pay their outstanding balances in the month of the sale, 30% in the first month subsequent to the sale, and 15% in the second month subsequent to the sale. How much cash should Hoover Corporation expect to receive from its customers in July 2020? $1,175,000 $1,125,000 $888,750 $1,263,750 $933,750