Fresplanade Co. had the following historical collection pattern for its credit sales:

70% collected in the month of sale

15% collected in the first month after month of sale

9% collected in the second month after month of sale

5% collected in the third month after month of sale

1% uncollectible

The sales on open account (credit sales) have been budgeted for the last six months of the year as shown below:

July $91,000

August $103,000

September $115,000

October $127,000

November $139,000

December $121,000

The estimated total cash collections by Fresplanade Co. during December from accounts receivable is:

• $122,730.
• $119,970.
• $176,750.
• $149,450.
• $131,850.