Gianna runs a small business and is attempting to create a Cash Collections Budget, so she can determine her income for the first quarter of next year. She has an accounts receivable balance of $25,000 at the end of this year and expects her 1st quarter sales for next year to be $75,000. If her standard is to collect 50% of sales in the quarter in which it was earned, how much will her Total Cash Collections be for Quarter 1 of next year? a.) $62,500 b.) $75,000 c.) $67,250 d.) $25,000