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Sunland Company, a retailer of camping supplies has budgeted activity for January using the following data: January cash sales $52,000 January credit sales 386,000 Collections

Sunland Company, a retailer of camping supplies has budgeted activity for January using the following data:

January cash sales

$52,000

January credit sales

386,000

Collections from December credit sales

147,000

Selling and administrative costs (paid in month of purchase)

54,000

Depreciation expense

21,000

Merchandise Inventory, January 1

193,000

Merchandise Inventory, January 31

212,000

Cost of goods sold is 40% of Coopers selling price

All purchases are paid in cash

Credit sales are collected 60% in the month of sale, 35% in

the following month, and 5% is deemed uncollectible

What is Sunlands budgeted cash receipts for January? Total January collections $enter total january collection in dollar

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