Madison Cleaners has an accounts receivable period of 38 days. The estimated quarterly sales for this year, starting with the first quarter, are $1,200, $1,400, $1,900, and $1,200, respectively. How much does the firm expect to collect in the fourth quarter? Assume a 30-day month.

Multiple Choice $1,660.02 $1,495.56 $1,592.08 $1,604.44 $1,509.11