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Ruiz Companys budget includes the following credit sales for the current year: September, $158,000; October, $149,000; November, $133,000; December, $170,000. Credit sales are collected as

Ruiz Companys budget includes the following credit sales for the current year: September, $158,000; October, $149,000; November, $133,000; December, $170,000. Credit sales are collected as follows: 10% in the month of sale, 60% in the first month after sale, and 30% in the second month after sale. How much cash can the company expect to collect in December as a result of current and past credit sales?

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