The following information pertains to the January operating budget for Casey Corporation. Budgeted sales for January $208,000 and February $105,000 Collections for sales are 60% in the month of sale and 40% the next month. Groes marg in ie 25% of sales Administrative costs are $14,000 each month. Beginning accounts receivable in $20,000. Beginning inventory is $22,000. Beginning accounts payable in $72,000. (All from inventory purchases) Purchases are paid in full the following month Deaned ending inventory is 30% of next month's cost of goods sold (COGS). For January, budgeted cash collections are $208,000 O $20,000 $124,800 $144,800