In the first six months of 2022, the The Shelf Company expected monthly sales of: January February Marchi April May Cash Sales Credit Sales $70,000 $170,000 $75,000 $190,000 $32,000 $150,000 $27,000 $112,000 $37,000 $220,000 $100,000 $60,000 June The company's cost accountants have reviewed past sales and have determined this collection pattern: Collections on sales: 50% in month of sale 35% in month following sale 15% in second month following sale On January 1, 2022, the accounts receivable balance was $65,000, of which $52,000 was left from December sales tha $13,000 were from November sales that had not yet been collected. Budgeted cash collections during January by The Shelf Company would be: