Woodpecker Co. has $306,000 in accounts receivable on January 1, Budgeted sales for January are $957,000. Woodpecker Co. expects to sell 20% of its merchandise for cash, or 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 $857,280 b. $1,071,600 C. $1,377,600 d. $642,960 Progress