Budgeted sales in Allen Company over the next four months are : September $100,00, October $160,000, November $180,000, December $120,000. Twenty-five percent of the company's sales are for cash and...

Budgeted sales in Allen Company over the next four months are : September $100,00, October $160,000, November $180,000, December $120,000. Twenty-five percent of the company's sales are for cash and 75% are on account. Collections for sales on account follow a stable pattern as follows: 50% of a month's credit sales are collected in the month of sale, 30% are collected in the month following sale, and 15% are collected in the second month following sale. The remainder are uncollectible. Given these data, cash collections for December should be: