Question 8 (2 points) Banana Company has provided the following information from their budget for the first quarter of the forthcoming year: Sales (25% cash) Jan $500,000 Feb $600,000 March $800,000 The company collects 70% of credit sales in the same month and the balance in the next month. Calculate the collections from the customers for the month of February. $600,000 $577,500 $465,000 $427,500