The following information pertains to sales of XYZ Company:

Collections of sales are generally $20\%$ in cash and $80\%$ in credit. This means in the month of the sale $20\%$ is paid in cash to XYZ and XYZ extends credit for the remaining $80\%$ of the sales

The credits sales are collected as follows:

$**30\%$ in the month of the sale,

$60\%$ in the month after the sale,

$6\%$ two months after the sale,

$4\%$ are never collected

If the January sales are $$15,500,$ what are the collections of credit sales in the month of January?

A$.$ $$3,720$

B$.$ $$15,500$

C$.$ $$12,400$

D$.$ $$3,100$