The LaGrange Corporation had the following budgeted sales for the first half of the current year Danuary February March April May june Cash Credit Sales Sales 88,000 $180,000 $ 85,000 $200,008 $ 46,000 $160,000 s41,000 $126,000 $51,000 $230,000 $110,800 $200,000 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 45% in month of sale 50% in month following sale 5% n second rmrith following sale The accounts receivable balance on January 1 of the current year was $81000, of which $55.000 represents uncollected December sales and $26,000 represents uncolected November sales The total cash collected during January by LaGrange Corporation would be