Woodpecker Co$.$ has $$296,000$ in accounts receivable on January $1.$ Budgeted sales for January are $$807,000.$ Woodpecker Co$.$ expects to sell $20\%$ of its merchandise for cash. Of

the remaining $80\%$ of sales on account, $75\%$ are expected to be collected in the month of sale and the remainder the following month. The January cash collections from sales are

a$.$ $$941,600$

b$.$ $$753,280$

c$.$ $$564,960$

d$.$ $$1,237,600$