Oakton Furniture provided the following information relevant to its sales for December Year 1 and the first quarter of Year 2:

	Dec. Year 1			Jan. Year 2			Feb. Year 2			Mar. Year 2
	(Actual)			(Budgeted)			(Budgeted)			(Budgeted)
Credit sales	$	120,000		$	280,000		$	310,000		$	220,000
Cash Sales	$	20,000		$	50,000		$	60,000		$	24,000

Based on the company's collection history, 42% of credit sales are collected in month of sale and the remainder is collected in the following month. Total budgeted cash receipts in February are expected to be:

• $60,000.

• $162,400.

• $352,600.

• $228,000.