Trekker Trash and Recycling Is Expected to Have Receivables of $1,234,000

Multiple Choice

Trekker Trash and Recycling is expected to have receivables of $1,234,000 in January, $989,700 in February and $1,020,000 in March. The company's pattern of cash collections is 60% in the month following the sale, and 40% in the month after that. How much will Trekker collect from its receivables in March?

A) 1,001,820
B) 1,007,880
C) 1,020,000
D) 1,087,420
E) 1,136,280