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

	Cash Sales	Credit Sales
January	$80,000	$180,000
February	$85,000	$200,000
March	$53,000	$160,000
April	$58,000	$153,000
May	$68,000	$230,000
June	$110,000	$430,000

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 $70,000. Of this amount, $47,000 represented uncollected December sales and $23,000 represented uncollected November sales. Given these data, the total cash collected during January would be:

A $230,600

B $316,000

C $274,000

D $94,000