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

Assume that the accounts receivable balance on January 1 was $71,000. Of this amount, $55,000 represented uncollected December sales and $16,000 represented uncollected November sales. Given these data, the total cash collected during January would be:

$100,000

$241,000

$210,000

$168,500

Mitchell Company had the following budgeted sales for the first half of next year: January February March Aprll May June Credit Sales $150,000 $170,000 $130,000 $134,000 $200,000 $240,000 $55,000 $39,000 $49,000 $80,000 The company is In the process of preparing a cash budget and must determine the expected caslh collections by month. To this end, the following Information has been assembled Collections on credit sales 45% in month of sales 35% in month of following sales 20.0% In second month following sales Assume that the accounts recelvable balance on January 1 was $71,00o. Of this amount, $55,000 represented uncollected December sales and $16,000 represented uncollected November sales. Given these data, the total cash collected during January would be