The following information pertains to the January operating budget for Casey Corporation. Budgeted sales for January $202,000 and February $105,000. .Collections for sales are 60% in the month of sale and 40% the next month. Gross margin is 25% of sales. Administrative costs are $18,000 each month. Beginning accounts receivable is $22,000. Beginning inventory is $16,000. Beginning accounts payable is $66,000. (All from inventory purchases.) Purchases are paid in full the following month. Desired ending inventory is 20% of next month's cost of goods sold (COGS). At the end of January, budgeted accounts receivable from January sales is A. $42,000 B. $80,800 OC. $121,200 D. $162,200