Hunt Companys 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 receivable balance is $75,000, of which $27,000 is from November sales. Total sales for January and February are budgeted to be $114,000 and $134,000, respectively.

What are Hunt Companys budgeted cash receipts for January?

a. 97000

b. 133120

c. 100420

d. 119000

e. 84800