Oakton Furniture provided the following information relevant to its sales for December Year 1 and the first quarter of Year 2:

	Dec. Year 1				Jan. Year 2				Feb. Year 2				Mar. Year 2
	(Actual)				(Budgeted)				(Budgeted)				(Budgeted)
Credit sales	$	59,000			$	139,000			$	154,000			$	109,000
Cash sales	$	10,000			$	24,000			$	29,000			$	11,000

Based on the company's collection history, 43% 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

$40,000.

$37,930.

$35,400.

$33,630.