Woodpecker Co. has $295,000 in accounts receivable on January 1. Budgeted sales for January are $900,000. 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 Oa. $609,000 Ob. $812,000 Oc. $1,015,000 Od. $1,310,000