Mi Casa Corporation wishes to prepare a cash budget for the last quarter of 2020. Sales, are estimated as follows:

September October November December

Total sales $390,000 $480,000 $350,000 $600,000

Cash sales $190,000 $240,000 $300,000 $400,000

Credit sales

The company's experience shows that, on an average, 80 percent of credit sales are collected in the month of sale, 18% of the credit sales are collected in the month following the sale and the balance is irrecoverable.

Calculate the total credit sales for the last quarter

A

$1,130,000

B

$1,430,000

C

$690,000

D

$490,000