191,000

255,000

80,000

301,000

The LaGrange Corporation had the following budgeted sales for the first half of the current year: The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled: Collections on sales: 40% in month of sale 30% in month following sale 30% in second month following sale The accounts receivable balance on January 1 of the current year was $77,000, of which $48,000 represents uncollected December sales and $29.000 represents uncollected November sales. The total cash collected during January by LaGrange Corporation would be