Oakton Furniture provided the following information relevant to its sales for December Year 1 and the first quarter of Year 2: Dec. Year 1 (Actual) $55,000 $14,000 Credit sales Cash sales Jan. Year 2 (Budgeted) $ 135,000 $ 20,000 Feb. Year 2 (Budgeted) $150,000 $ 25,000 Mar. Year 2 (Budgeted) $ 105,000 $ 7,000 -59 Based on the company's collection history, 46% 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