The Baynton-Power Co. makes collections on all sales according to the following schedule: 20% in month of sale 80% in month following sale The following is a list of budgeted sales for the next four quarters: 2nd quarter $1,050,000 3rd quarter $980,000 4th quarter $995,000 - 1st quarter Budgeted Sales $1,000,000 Budgeted cash collections in 3rd quarter would be: 2.5980,000 b.5994,000 C. 51,036,000 d.5983,000 e 5992,000