The Following Is the Sales Budget for Duck-N-Run,Inc

The following is the sales budget for Duck-n-Run,Inc.,for the first quarter of 2012:


Credit sales are collected as follows:
53 percent in the month of sale
28 percent in the month after the sale
19 percent in the second month after the sale The accounts receivable balance at the end of the previous quarter was $45,000 ($32,000 of which was uncollected December sales.) What is the amount of the January collections?

A) $112,400.00
B) $112,408.16
C) $95,663.83
D) $122,356.33
E) $125,400.00