Hunt Company's sales, based on past experience, are $30\%$ cash and $70\%$ credit. Credit sales are typically

collected as follows: $40\%$ in the month of sale, $50\%$ in the month after the sale, and $10\%$ in the second month

following month of sale. On December $31,$ the accounts recelvable balance is $$69,000,$ of which $$24,000$ is from

November sales. Total sales for January and February are budgeted to be $$110,000$ and $$130,000,$ respectively.

What are Hunt Company's budgeted cash recelpts for January?

Multiple Choice

$$79,500.$

$$92,500.$

$$95,800.$

$$112,500.$

$$125,300.$