The LaGrange Corporation had the following budgeted sales for the first half of the current year: 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 informaton has been assembled: Colloctions on sales 55% in month of sale 40% in month following sale 5% in second month following saie The accounts receivabti batance on January 1 of the current year was $82,000 of which $63,000 represents uncollected December sales and $19,000 represents uncollected November sales. The total cash collected during January by LaGrange Corporation would be: Moliple Conolce $192,000 Collections on rales: 55 in month of totic 40% in month following salo 52 in second month following sale represents uncollected November sales. The total cash collected during Januory by LaGrange Corporation would be: Mutple Choice $192.000 5190.000 $210.000 $140.000