Woodpecker Co. has $300,000 in accounts receivable on January 1, Budgeted sales for January are $876,000. 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. $800,640 Ob, 51.300,00 Oc. $1,000,000 Od 5600,480