..what is the breakdown of calculation or formula please?

Mitchell Company had the following budgeted sales for the first half of next year:

	Cash Sales	Credit Sales
January	$30,000	$130,000
February	$35,000	$150,000
March	$41,000	$110,000
April	$46,000	$141,000
May	$56,000	$180,000
June	$60,000	$310,000

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 credit sales:

50% in month of sales

40% in month of following sales

10.0% in second month following sales

Assume that the accounts receivable balance on January 1 was $67,000. Of this amount, $56,000 represented uncollected December sales and $11,000 represented uncollected November sales. Given these data, the total cash collected during January would be: