Stella Distribution has projected the following quarterly sales. The accounts receivable at the beginning of the year is $945 and the collection period is 60 days. What are collections for the first quarter? Sales 01 $ 1,535 02 $ 1,680 03 $ 1,945 04 $ 2,050

1456.67

767.50

1631.67

1712.50

1535.00