On October 1 of the current year, Molloy Corporation prepared a cash budget for October, November, and December. All of Molloy's sales are made on account. The following information was used in preparing estimated cash collections:

August sales (actual)	$	46,000
September sales (actual)	$	56,000
October sales (estimated)	$	26,000
November sales (estimated)	$	76,000
December sales (estimated)	$	66,000

Approximately 60% of all sales are collected in the month of the sale, 30% is collected in the following month, and 10% is collected in the month thereafter.

Budgeted collections from customers in December total:

Multiple Choice

• $168,000.

• $55,000.

• $62,400.

• $65,000.