Oak furniture provided the following information relevant to its sales for December 2013 and the first quarter of 2014: Based on the company's collection history, 2% of credit sales are uncollectible, 45% are collected in month of sale and the remainder collected in the following month. Cash collections in January from December 2013 credit sales would be: $50, 400. $52,000 $35, 750 $34, 450