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	$	66,000			$	146,000			$	161,000			$	116,000
Cash sales	$	16,000			$	31,000			$	36,000			$	18,000

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. Cash collections in January from December credit sales would be:

a. $40,260.

b. $54,000.

c. $51,540.

d. $38,280.