Oakton Furniture Provided the Following Information Relevant to Its Sales

Oakton Furniture provided the following information relevant to its sales for December Year 1 and the first quarter of Year 2: Based on the company's collection history, 42% of credit sales are collected in month of sale and the remainder is collected in the following month. Total budgeted cash receipts in February are expected to be: $\begin{array}{|c|c|c|c|c|}\hline & \text { Dec. Year 1 } & \text { Jan. Year 2 } & \text { Feb. Year 2 } & \text { Mar. Year 2 } \\\hline & \text { (Actual) } & \text { (Budgeted) } & \text { (Budgeted) } & \text { (Budgeted) } \\\hline \text { Credit sales } & \$ 120,000 & \$ 280,000 & \$ 310,000 & \$ 220,000 \\\hline \text { Cash sales } & \$ 20,000 & \$ 50,000 & \$ 60,000 & \$ 24,000 \\\hline\end{array}$

A) $60,000.
B) $162,400.
C) $352,600.
D) $228,000.