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The LaGrange Corporation had the following budgeted sales for the first half of the current...

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Accounting

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The LaGrange Corporation had the following budgeted sales for the first half of the current year Cash Sales Credit Sales January $50,000 $150,000 February $55,000 5170,000 March $34,000 $130,000 April $29,000 $114,000 May $39,000 $200,000 June $80,000 $80,000 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 30% in month following sale 30% in second month following sale The accounts receivable balance on January 1 of the current year was $65.000, of which $54000 represents uncollected December sales and $11000 represents uncoilected November sales The total cash collected during January by Logange Corporation would be

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