Cooper Company, a retailer of camping supplies has budgeted activity for January using the following data:

January cash sales $50,000

January credit Sales $380,000 Collections from December credit sales $150,000

Selling and administrative costs (paid in month of purchase) $50,000

Depreciation expense $25,000

Merchandise Inventory, January 1 $200,000

Merchandise Inventory, January 31 $210,000

Cost of goods sold is 40% of Cooper's selling price

All purchases are paid in cash

Credit sales are collected 60% in the month of sale, 35% in the following month, and 5% is deemed uncollectible

Required:

What is Cooper's budgeted cash receipts for January?