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	$	55,000			$	135,000			$	150,000			$	105,000
Cash sales	$	14,000			$	20,000			$	25,000			$	7,000

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:

Multiple Choice

$29,700.

$32,000.

$30,620.

$30,800.