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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

191,000
255,000
80,000
301,000
image text in transcribed
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

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