5 Oakton Furniture provided the following information relevant to its sales for December Year 1 and the first quarter of Year 2: 02:12:23 Dec. Jan. Year Feb. Year Mar. Year Year 1 2 2 2 (Actual) (Budgeted) (Budgeted) (Budgeted) Credit $57,000 $137,000 $152,000 $107,000 sales Cash $12,000 $ 22,000 $ 27,000 $ 9,000 sales Based on the company's collection history, 42% of credit sales are collected in month of sale, and the remainder is collected in the following month. Cash collections in January from December credit sales would be: Multiple Choice $32,550. $33,040 aw 1