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Talisay Company has developed the following sales projections for calendar year 2020: May P200,000June P240,000 July P280,000 August P320,000September P300,000October P260,000Normal cash collection experience has been that 50% of sales is collected during the month of sales and 45% in the month following sale. The remaining 5% of sales is never collected. Talisay's budgeted cash collections for the third calendar quarter are Select one: O a. P900,000 O b. P828,000 O c. P880,000 O d. P720,000