Mitchell Company had the following budgeted sales for the first half of next year: The company is in the process of 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 receivable balance on January 1 was $76,000. Of this amount, $50,000 represented uncollected December sales $26,000 represented uncollected November sales. Given these data, the total cash collected during January would be