Woodpecker Co. has $305,000 in accounts receivable on January 1. Budgeted sales for January are $983,000. 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. $1,091,400 Ob. 1634,840 Oc. 5873,120 Od. $1,396,400