Philips Company's current average collection period $($ACP$)$ is $37$ days. Last period$$s sales $($revenue$)$ amount was $$431,700$ and ending acct. receivables were $$43,800.$ If the company$$s management can reduce the average collection period to $30$ days, how much cash can the company free up to use in other areas $($assuming the sales amount remain the same$)?$

Select one:

a$.$

$$8,286$

b$.$

$$10,120$

c$.$

$$9,333$

d$.$

$$35,940$

e$.$

None of the above