Oakton Furniture provided the following information relevant to its sales for December Year 1 and the first quarter of Year 2 Mar. Year 2 Dec. Year Jan. Year 2 Feb. Year 2 1 (Actual) (Budgeted) (Budgeted) $ 52,000 $ 132,000 $147,000 $17,000 $ 17,000 $ 22,000 (Budgeted) $ 102,000 $ 4,000 Credit sales Cash sales 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 Cash collections in January from December credit sales would be: Multiple Choice $30,160 O $22,550. $26,000 $32.240