Please Solve for multiple choice in image. Explain.

The LaGrange Corporation had the following budgeted sales for the first half of the current year. January February March April May June Cash Credit Sales Sales $ 20,000 $120,000 $ 25,000 $140,000 $37,000 $100,000 $32,000 $117,000 $ 42,000 $170,000 $50,000 $110,000 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: 55% in month of sale 35% in month following sale 10% in second month following sale The accounts receivable balance on January 1 of the current year was $71,000, of which $54,000 represents uncollected December sales and $17,000 represents uncollected November sales. The total cash collected during January by LaGrange Corporation would be: Multiple Choice $183,000 $175,000 $120,000 $145,000