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. - Gross marg in is 25% of sales. - Administrative costs are $14,000 each month. - Beginning accounts receivable is $20,000. - Beginning inventory is $22,000. - Beginning accounts payable is $72,000. (All from inventory purchases.) - Purchases are paid in full the following month. - Desired ending inventory is 30% of next month's cost of goods sold (COGS). For January, budgeted cash collections are $208,000$144,800$124,800$20,000