Nosa Co. is a start-up company and expands the business aggressively. This company starts on January 1, 2015 and expects that the monthly sales can grow at a constant rate. The company expects sales on credit at the percentage below, with the remaining in cash. Sales growth rate 20% Credit sales percentage 80% Budgeted cash collection in March $747,491 As the company is preparing its schedule of cash collections for credit sales, the following collection curve (schedule) is being used: 50% in the month of sale 30% in the month following sale 15% in the second month following sale 5% uncollectible Which amount is closest to the sales in January? $607,716 $865,151 $587,650 $648,864 $778,636