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The following is the sales budget for MSU Inc., for the first quarter of 2 0 1 9 : Sales January: $ 1 2 0

The following is the sales budget for MSU Inc., for the first quarter of

2019

Sales

January: $

120, 000

February: $

138, 000

March: $

155, 000

The accounts receivable balance at the end of the previous quarter was $

50, 000 (

22, 000

of which was uncollected December sales.

)

What is the amount of the January collections? Round to the nearest penny?

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