[10 points] Caba-1398 Corporation's sales budget for the first half of the year is as follows: Budgeted Sales January $120,000 February $180,000 March $220,000 April $260,000 May $210,000 June $280,000 Total: $1,270,000 Sales are 20% cash and 80% on account. Sales on account are to be collected over a three-month period, with 25% collected in the month of the sale, 55% collected in the first month following the month of sale, and 20% collected in the second month following the month of sale. What is the budgeted balance in the Accounts Receivable account as of June 30? Multiple Choice O $246,000 $190,000 $201,600 O $154,000