Tiko Inc. has estimated sales (in millions $) for the next 4 quarters as follows:

	Q1	Q2	Q3	Q4
Sales	105	190	122	140

Accounts receivables at the beginning of the year were $34 million. Tiko has a 36-day collection period and one quarter is 90 days. Assume all sales are on credit. What is the expected cash collection in quarter one?

Select one:

a. $42 million

b. $105 million

c. $97 million

d. $76 million

e. $63 million