The LaGrange Corporation had the following budgeted sales for the first half of the current years January February March April May June Cash Sales Credit Sales $40,000 $140,000 $45,000 $160,000 $35,000 $120,000 $30,000 $115,000 $40,000 $190,000 $70,000 $90,000 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 Information has been assembled: Collections on sales 40% in month of sale 45% in month following sale 15% in second month following sale The accounts receivable balance on January 1 of the current year was $65,000, of which $51,000 represents uncollected December sales and $15,000 represents uncollected November sales The total cash collected during January by LaGrange Corporation would be