The LaGrange Corporation had the following budgeted sales for the first half of the current year: January February March Cash Credit Sales Sales $30,000 $130,000 $35,000 $150,000 $38,000 $110,000 $33,000 $118,000 $43,000 $180,000 $60,000 $120,000 April May June The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following informa has been assembled: Collections on sales: 50% in month of sale 30% in month following sale 20% in second month following sale The accounts receivable balance on January 1 of the current year was $76,000, of which $58,000 represents uncollected December sales and $18,000 represents uncollected November sales. The total cash collected during January by LaGrange Corporation would be