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	$	64,000			$	144,000			$	159,000			$	114,000
Cash sales	$	14,000			$	29,000			$	34,000			$	16,000

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. Total budgeted cash receipts in February are expected to be:

Multiple Choice

$50,000.

$45,320.

$184,300.

$35,840.