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	$	89,000
August	$	101,000
September	$	113,000
October	$	125,000
November	$	137,000
December	$	119,000

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

		$146,350.
		$173,050.
		$117,990.
		$120,750.
		$129,870.