Mitchell Company had the following budgeted sales for the first half of next year:

	Cash Sales	Credit Sales
January	$70,000	$170,000
February	$75,000	$190,000
March	$32,000	$150,000
April	$37,000	$132,000
May	$47,000	$220,000
June	$100,000	$220,000

The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled:

Collections on credit sales:

50% in month of sales

40% in month of following sales

10.0% in second month following sales

Assume that the accounts receivable balance on January 1 was $65,000. Of this amount, $47,000 represented uncollected December sales and $18,000 represented uncollected November sales. Given these data, the total cash collected during January would be:

$210,600

$291,000

$94,000

$238,000