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Given the following information, the total cash collected during January would be January February March April Cash Credit Sales Sales $60,000 $160,000 $ 65,000 $180,000

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Given the following information, the total cash collected during January would be January February March April Cash Credit Sales Sales $60,000 $160,000 $ 65,000 $180,000 $33,000 $140,000 $28,000 $113,000 $38,000 $210,000 $90,000 $ 70,000 May June Collections on sales are 45% in month of sale, 30% in month following sale, and 25% in second month following sale. Accounts receivable on January 1 is $67,000, of which $55,000 represents uncollected December sales and $12,000 represents uncollected November sales. o $257,000 o $205,000 o $100,000 o $174,000

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