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

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:

Assume that the accounts recelvable balance on January $1$ was $$76,000.$ Of this amount, $$60,000$ represented uncollected December sales and $$16,000$ represented uncollected November sales. Glven these data, the total cash collected during January would be:

Multiple Choice

$$138\mathrm{.}000$

$$100,000$

$$196,000$

$$197,000$