Below is the sales budget for Choc Enterprises: December through April:

Dec Jan Feb Mar Apr

Sales$90,000 $60,000 $50,000 $80,000 $60,000

Historically, 20% of sales are collected in the month of sale, 70% is collected the month after the sale, 6% is collected two months after the sale, and 4% are written off as uncollectible.

Compute the budgeted cash collections for February.

A. $50,000

B. $54,400

C. $57,400

D. $69,600