Pharoah Company, a retailer of camping supplies has budgeted activity for January using the following data: January cash sales $65,000 375,000 January credit sales Collections from December credit sales Selling and administrative costs (paid in month of purchase) 148,000 57,000 Depreciation expense 28,000 203,000 218,000 Merchandise Inventory, January 1 Merchandise Inventory, January 31 Cost of goods sold is 40% of Cooper's selling price All purchases are paid in cash Credit sales are collected 60% in the month of sale, 30% in the following month, and 10% is deemed uncollectible What is Pharoah's budgeted cash receipts for January? Total January collections $