13 BONUS Question 7 of 13 ! 2 Sunland Company, a retailer of camping supplies has budgeted activity for January using the following data: January cash sales $65,000 January credit sales 390,000 Collections from December credit sales 148,000 Selling and administrative costs (paid in month of purchase) 54,000 Depreciation expense 22,000 Merchandise Inventory, January 1 190,000 Merchandise Inventory, January 31 218,000 Cost of goods sold is 40% of Cooper's selling price All purchases are paid in cash Credit sales are collected 60% in the month of sale, 35% in the following month, and 5% is deemed uncollectible What is Sunland's budgeted cash receipts for January? Total January collections $ Save for Later @ # 3 0 MacBook Pro G Search or type URL $ 4 85 % 66 6 87 & 7 8 * Attempts: 0 of 1 used ( 9 0 -15 Submit Ans