Oakton Furniture provided the following information relevant to its sales for December Year 1 and the first quarter of Year 2: December Year 1 January Year 2 February Year 2 (Budgeted) March Year 2 (Budgeted) $ 109,000 $ 11,000 $ 139,000 $ 24,000 Credit sales Cash sales (Actual) $ 59,000 $ 10,000 (Budgeted) $ 154,000 $ 29,000 11,000. 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:

Oakton Furniture provided the following information relevant to its sales for December Year t and tha fin.............. Year 2 . subenit B.men ur ane company collection history, 42% of credit sales are collected in month of sale and the remainder is collected in the foliowing month Total budgeted cash receipts in February are expected to be