The Following Information Is Taken from Reagan Company's December 31

The following information is taken from Reagan Company's December 31 balance sheet: $\begin{array}{|l|r|}\hline \text { Cash and cash equivalents } & \$ 8,419 \\\hline \text { Accounts receivable } & 70,422 \\\hline \text { Merchandise inventories } & 60,362 \\\hline \text { Prepaid expenses } & 4,100 \\\hline \text { Accounts payable } & \$ 14,950 \\\hline \text { Notes payable } & 86,638 \\\hline \text { Other current liabilities } & 9,500\\\hline\end{array}$ If net credit sales for the current year were $612,000, the firm's days' sales uncollected for the year is: (Use 365 days a year.)

A) 60 days
B) 85 days
C) 154 days
D) 42 days
E) 70 days