Oakton Furniture Provided the Following Information Relevant to Its Sales

Oakton Furniture provided the following information relevant to its sales for December 2013 and the first quarter of 2014: $\begin{array}{|l|l|r|r|r|r} \hline & {\text { Dec. } 2013} &{\text { Jan. 2014 }} &{\text { Feb. 2014 }} & {\text { Mar. 2014 }} \\\hline &{\text { (Actual) }} &{\text { (Budgeted) }} & {\text { (Budgeted) }} & {\text { (Budgeted) }} \\\hline \text { Credit sales } & \$ 120,000 & \$ 280,000 & \$ 310,000 & \$ 220,000 \\\hline \text { Cash sales } & \$ 20,000 & \$ 50,000 & \$ 60,000 & \$ 24,000\\\hline \end{array}$ Based on the company's collection history, 2% of credit sales are uncollectible, 40% are collected in month of sale and the remainder collected in the following month. Cash collections in January from December 2013 credit sales would be:

A) $69,600.
B) $81,200.
C) $72,000.
D) $84,000.