Assume a merchandising company provides the following information from its master budget for the month of May:

Sales $ $122,000$

Cost of goods sold $ $98,000$

Selling and administrative expenses $ $32,000$

Accounts receivable, May $1$st $ $18,000$

Accounts receivable, May $31$st $ $22,000$

If all of the company$$s sales are on account, what is the amount of cash collections from customers included in the cash budget for May?

Multiple Choice

$$104,000$

$$108,000$

$$118,000$

$$122,000$