Funcycle Manufacturing's budget includes the following credit sales for the current year: September, $162,000; October, $153,000; November, $137,000; December, $174,000. Experience has shown that payment for the credit sales is received as follows: 15% in the month of sale, 55% in the first month after sale, and 30% in the second month after sale. What are the cash collections of credit sales in the month of December?

Multiple Choice

• $26,100.

• $121,250.

• $101,450.

• $174,000.

• $147,350.