Consider the following information for a given company Credit Sales Month Jan Cash Sales $80,000 $60,000 Feb $350,000 $200,000 $145,000 $130,000 $170,000 Mar $50,000 Apr May $45,000 $55,000 $50,000 $150,000 Jun The firm's collection pattern is as follows: 60% in the month of sale 30% one month following sale 10% two months following sale The accounts receivable balance on 1 Jan is $70,000 of this amount, $60.000 represents uncollected Dec sales and 510,000 represents uncollected Nov sales Required: Determine the total cash collected during Jan