Oakton Furniture provided the following information relevant to its sales for December Year 1 and the first quarter of Year 2: Dec. Year Jan. Year 2 Feb. Year 2 Mar. Year 2 (Budgeted) $147,000 (Budgeted) $102,000 1 Credit sales Cash sales (Actual) $52,000 $17,000 (Budgeted) $132,000 $ 17,000 $ 22,000 $ 4,000 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: Multiple Choice $26,000. $22,550. $160,300. $32,240.