Other options are C) 84.000

D) $181,600

Help Save & Exit Submit The LaGrange Corporation had the following budgeted sales for the first half of the current year January February March April May June Cash Credit Sales Sales $50,000 $150,000 $ 55,000 $170,000 $43,000 $130,000 $ 38,000 $123,000 $ 48,000 $200,000 $80,000 $170,000 The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled Collections on sales 50% in month of sale 40% in month following sale 10% in second month following sale The accounts receivable balance on January 1 of the current year was $65,000, of which 542.000 represents uncollected December sales and $23,000 represents uncollected November sales The total cash collected during January by LaGrange Corporation would be Multiple Choice $261000 $229,000