woodpecker Co. has $302,000 in accounts receivable on January 1, Budgeted sales for January are $882,000, 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. $604,560 b. $1,007,600 Oc. $806,080 Od. $1,309,600