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) $58,000 $11,000 Jan. Year 2 (Budgeted) $138,000 $ 23,000 Feb. Year 2 (Budgeted) $153,000 $ 28,000 Mar. Year 2 (Budgeted) $108,000 $ 10,000 Credit sales Cash sales Based on the company's collection history, 45% 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 0 $31.900 () $34,220