Leone Lamps provides the following information about sales: March Total Sales $ August September October November December January February 500,000 $ 625,000 $750,000 $ 250,000 $125,000 $ 62,500 $ 187,500 $375,000 Credit sales $ 400,000 $500,000 S 600,000 $200,000 $100,000 S 50,000 $ 150,000 $300,000 Leone expects credit sales will be fully collected over three months: Month of sales = 35.0%, 1st month after sale = 45.0%, and 2nd month after sale = 20.0%. NO uncollectible accounts are expected. Compute TOTAL cash collections for December $245,000 $270.000 $306,250 $331,250 None of the other answers are correct