Grinnell Manufacturing Company has the following information for 2015:

Month	Budgeted Sales
January	$76,000
February	85,000
March	92,000
April	79,000

Budget Expenses per Month

Wages	$15,000
Advertising	12,000
Depreciation	3,000
Other	4 percent of sales

Note: All cash expenses are paid as incurred; Collections from sales are 50% in the month of sale and 50% in the month following the sale; December 2014 sales were $110,000. What are the expected total cash receipts for February?

		$89,000
		$118,500
		$85,000
		$88,500
		$80,500