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

	Cash Sales	Credit Sales
January	$50,000	$150,000
February	$55,000	$170,000
March	$39,000	$130,000
April	$44,000	$139,000
May	$54,000	$200,000
June	$80,000	$290,000

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:

40% in month of sales

30% in month of following sales

30.0% in second month following sales

Assume that the accounts receivable balance on January 1 was $65,000. Of this amount, $54,000 represented uncollected December sales and $11,000 represented uncollected November sales. Given these data, the total cash collected during January would be:

$237,000

$90,000

$148,000

$211,000