Rambus Company has a 45 day collection period. Sales for the next four quarters are estimated at $4,600, $5,200, $5,800, and $6,500, respectively, starting with the first quarter of the year. Given this information, which one of the following statements is correct? Assume a 360 day year. The firm will have an accounts receivable balance of $3,250 at the end of the year. The accounts receivable balance at the beginning of Quarter 4 will be $2,600. The firm will collect $2,300 from Quarter 2 sales in Quarter 3. The firm will collect $4,600 in Quarter 1. The firm will collect a total of $2,900 in Quarter 4.