The taGrange Corporation had the follawing 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 mionth. To this end, the following intormation has been assembied: Collections on sales: 45% in month of sale 35% in month following sabe 20% in second month following sale The accounts receivable bsiance on January 1 of the current yeat was $85,000, of which $55,000 represents uncollected Decenber sales and $30.000 represents uncollected November sake The total cost collected during January by LaGrange Corporation would be: Mutible Choice $197000 1240000 3100000