Woodpecker Co. has $302,000 in accounts receivable on January 1. Budgeted sales for January are $915,000. 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. $1,336,000 b. 5827,200 c. $1,034,000 d. $620,400