Woodpecker Co. has $305,000 in accounts receivable on January 1. Budgeted sales for January are $936,000. Woodpecker Co. expects to sell 20% of its merchandise 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. $1,053,800 Ob. 5632.280 O $843,040 Od. $1,358,800