MC Qu. 79 Mitchell Company had the following budgeted sales.. Richards Corporation has the following budgeted sales for the first half of next year anua 60,000 $65,000 180,000 140,000 $138,000 March 90,000 The company is in the collections by month. To this end, the following information has been assembled process of preparing a cash budget and must determine the expected cash of sales accounts receivable balance on January 1 is $67,000 Of this amount. $55,000 represents uncollected December sales and S12.000 represents uncollected November sales The total cash collected during January would be O $257.000 O $100.000 O $174.00o