Woodpecker Co. has $291,000 in accounts receivable on January 1 Budgeted sales for January are $945,000. Woodpecker 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 $837,600 Ob. $620,200 OC. $1,047,000 d. $1,338,000